Ownership battle for Mexico’s Zama field crimps Premier Oil’s sale plans

The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process.

Some international oil companies operating in Mexico are waiting for a resolution to a conflict between Talos Energy Inc., the field’s primary shareholder, and state-owned Petroleos Mexicanos to resolve their dispute before considering bidding on Premier’s minority share in Zama, three oil executives with blocks in Mexico told Bloomberg News, requesting anonymity because the information is confidential.

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