Zama: Mexico’s oil jewel

It is located near the coast of Tabasco, in the Gulf of Mexico and at relatively low depth, and according to the first explorations, it is known to contain lighter crude oil (which is more profitable) than the heavy one that Mexico normally produces.

Due to its characteristics, it is considered among the 10 largest deposits in the country’s history

This is the Zama oil field, which some experts consider the “jewel” of oil found in times when the oil industry in Mexico is in decline.

It was the first discovered by a private company after the 2013 energy reform that ended the monopoly of the state-owned company Petróleos Mexicanos (Pemex) over hydrocarbons.

“Removing control of the project would be a symbolic blow to Mexico’s biggest economic policy change in decades and could further cool the investment of the world’s leading energy companies, oil executives and experts said,” the Reuters report reproduced by Several Mexican media.

The US consortium Talos Energy owns part of the rights as it is who won the “block 7”, one of the regions tendered by the government for private oil companies to explore.

Explorations of the “jewel” in “block 7” were carried out by Talos Energy, a firm associated with the German oil company Wintershall DEA (which bought the stake of Sierra Oil & Gas this year) and the British Premier Oil.

It was the first oil discovery of a foreign company in eight decades, since in 1938 the hydrocarbons industry was nationalized in favor of the Mexican state company, Pemex.

From the surface of the water, the exploration reached 166 meters deep until the seabed was found, which offers advantages as it is not deep water.

Although it is estimated that 1,000 million barrels can be extracted, there is potential that it can double that figure, according to information from the National Hydrocarbons Commission.

Tests indicate that it has 30 API API crude, which is one of the best traded in the market, unlike the heavy or mixed with other minerals normally found in the region.

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