Zama a Giant Plus for Mexico

At 670 million barrels of recoverable oil, Mexico’s Zama field would be a nation-building giant in any prolific oil-bearing basin.

That reserves estimate — made this week by Netherland, Sewell & Associates for Talos Energy, the Houston-based outfit that found the field — is testing the policies of a newly reorganized Mexican Ministry of Energy. Next door to Block 7’s Zama is a Pemex block shown to hold about 40% of Zama’s barrels, meaning “unitization rules” apply.

Continue reading