Mexico’s state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc have been instructed to come to an agreement detailing how they will jointly develop a large offshore oil find, the energy ministry said on Wednesday.
The formal instruction from the energy ministry, dated July 7 but announced in a statement on Wednesday, follows a determination that the Zama discovery made in the Talos-operated block in the Gulf of Mexico extends into Pemex’s neighboring block.
