High industry interest in Zama stake, Premier Oil says

UK oil company Premier Oil has extended the bid deadline for its interest in the giant Zama field offshore Mexico as “to accommodate levels of interest,“ for which Premier says are significant.

The Zama discovery – dubbed one of the largest shallow-water finds in decades – was made in 2017 by the U.S. oil company Talos.

Talos, the operator of the discovery, holds a 35% participation interest, while Premier Oil and Sierra Oil & Gas (a Wintershall Dea subsidiary) have 25% and 40% participation interests, respectively.

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