Pemex Submits Development Plan For Major Offshore Oil Project In Mexico ...Middle East

Mexico’s state oil firm Pemex and its partners in the Zama offshore oil discovery submitted on Thursday the development plan for the project that could see its oil production reach levels greater than 10% of Mexico’s current output. Talos Energy, leading a consortium of foreign oil companies, discovered the large Zama oil deposit in 2017. At an estimated 670 million recoverable barrels of oil, the discovery was the largest oil find in Mexico by a private company in decades.   Pemex, however, has said that the Zama deposit…

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