Mexico’s Pemex is considering letting U.S.-based Talos Energy lead the development of the Zama oil field, Reuters reported , citing the state oil company’s chief executive. Talos Energy, leading a consortium of foreign oil companies, discovered the large Zama oil deposit in 2015. At an estimated 670 million recoverable oil barrels, the discovery was the largest oil find in Mexico by a private company in decades. Pemex, however, said that the Zama deposit extends to a neighboring block operated by the Mexican company. Last year, the Mexican government ordered the U.S. company to reach an agreement with Pemex on how to jointly operate the Zama field after an independent evaluation revealed that 60 percent of the field’s reserves lay in the block operated by Talos Energy. If the two failed to reach an agreement, the government would decide who would operate Zama. This was in mid-2020. By the end […]