Campo Zama will start production in 2025 with an investment of more than 9 billion dollars

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Inspenet, June 4, 2023

The governing body of the National Hydrocarbons Commission (CNH) of Mexico authorized Pemex Exploración y Producción (PEP), Talos Energy, Harbor Energy and Wintershall DEA, the development plan, work program and associated budget to Zama field.

The field is part of the AE-0152-M-Uchukil assignment and the CNH-R01-L01-A7/2015 contract, which was unified by the regulator. Pemex and the integrated consortium Talos Energy, Harbor Energy and Wintershall Dea share the shallow water oil field with some 850 million barrels of crude oil equivalent (boece).

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The Zama deposit is located in shallow waters of the Gulf of Mexico, off the coast of the state of Tabasco, with an area of 26.7 square kilometers with a deposit in the Upper Miocene.

The objective of the approved plan is to start the development and extraction of hydrocarbons in the field, to recover a 3P reserve, which is calculated at 675 million barrels and 262 billion cubic feet of gas.

1914 Campo Zama Mexico shutterstock Portada

The Zama field: an unprecedented opportunity for Mexico, with the projection of becoming one of the main oil producers in the country

According to the plan approved by the regulator, between 2023 and 2025 all the infrastructure in the field will be built, to start the development of the field in 2025, to reach the production peak in 2029 with 180 thousand barrels per day.

Pemex and its partners propose the drilling and completion of 46 wells, 215 minor repairs, as well as the construction of 3 pipelines, 2 platforms, a separation battery and the abandonment of 8 wells.

With these actions, Pemex PEP seeks to recover 625 million barrels of oil and 243 billion cubic feet of gas with an investment of 4,541 million dollars.

According to the plan, the extracted hydrocarbons will be sent from the Zama A platform to the Zama B platform through a pipeline and from there to the Zama separation battery, so that the gas is transported to the Cactus Gas Processing Center and the oil to the maritime terminal of Dos Bocas.

The total cost of the development plan from 2023 to 2045 is 9,085 million dollars, of which 4,541 are investments and 4,544 million in operating expenses.

Talos and Pemex will co-lead the planning, drilling, construction and completion of all wells and will co-lead the planning, execution and delivery of offshore infrastructure. Talos, Pemex, Harbor Energy and Wintershall Dea will co-head the project management office.

According to the development plan, Zama is being developed to produce up to 180,000 barrels of oil equivalent per day, which represents more than 10% of Mexico’s current oil production.

Production is expected to be approximately 94% excellent quality oil, with API gravities between 24 and 27 degrees API.

Source : Oil and Gas Magazine

Photos : Shutter Stock

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