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November 23, 2021updated 28 Apr 2022 5:44am

Zama Conventional Oil Field, Mexico

By Carmen

Zama is a conventional oil development located in shallow water in Mexico and is operated by PEMEX Exploracion y Produccion. Discovered in 2017, Zama lies in block R01-L01-A7, with water depth of around 550 feet.

The project is currently in approval stage and is expected to start commercial production in 2025. 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 includes fixed platform.

Field participation details

The field is owned by Talos Energy and Petroleos Mexicanos.


Production from Zama

Production from the Zama conventional oil development project is expected to begin in 2025 and is forecast to peak in 2027, to approximately 1,33,296 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 621.88 Mmboe, comprised of 565.35 Mmbbl of crude oil & condensate and 339.21 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: SNC-Lavalin Group

Other Contractors: Baker Hughes, Core Laboratories, ION Geophysical, McDermott International, Netherland and Sewell & Associates

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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