Zama is a conventional oil development located in shallow water in Mexico and is operated by PEMEX Exploracion y Produccion. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Zama was discovered in 2017, lies in block R01-L01-A7 and AE-0152-Uchukil, with water depth of around 550 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project will be approved in 2023. The development cost is expected to be $1,800 m. The Zama conventional oil development will involve the drilling of approximately 46 wells and includes fixed platform.
Field participation details
The field is owned by BASF, Harbour Energy, LetterOne Holdings, Petroleos Mexicanos and Talos Energy.
Production from Zama
Production from the Zama conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, to approximately 132,943 bpd of crude oil and condensate and 80 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2053.
Remaining recoverable reserves
The field is expected to recover 624.02 Mmboe, comprised of 567.29 Mmbbl of crude oil & condensate and 340.37 bcf of natural gas reserves.
Contractors involved in the Zama conventional oil field
Some of the key contractors involved in the Zama project as follows.
Design/FEED Engineering: McDermott International and SNC-Lavalin Group
Other Contractors: Schlumberger, Baker Hughes, Core Laboratories, ION Geophysical, Netherland and Sewell & Associates
For more details on the Zama Conventional Oil Field, buy the profile here.