Mexican carso group, tycoon property Carlos Slimannounced this Thursday that it had reached an agreement with the firm Talos Energy acquire 49.9% of its subsidiary in Mexico, owns a stake in an oil field Zama.
Grupo Carso, through its subsidiary Zamajal, has entered into a binding agreement with Talos Energy to acquire a 49.9% equity stake in its Mexican subsidiary, Talos Energy México, which owns a 17.4% stake in the Zama oil field. company in a statement released Mexican Stock Exchange (BMV).
The transaction is expected to close in the third quarter of 2023 as it is subject to regulatory approval. Federal Commission on Economic Competition (Cofes).
Meanwhile, Talos Energy clarified in a statement that the deal is for $124.75 million, a transaction that includes a 17.4% stake in the Zama mega oil field, which it shares with the state-owned company. Petroleos Mexicanos (Pemex).
Of this amount, $74.85 million will be paid after the closing of the operation, and the remaining $49.9 million will be paid after the completion of the first commercial production at the field.
The deposit has an approximate area of 26.7 square kilometers and is located in the shallow waters of the river. Gulf of Mexico58 km from the coast of Tabasco.
Pemex owns a 50.43% stake in the Zama field, a Norwegian company Wintershall Dea owns 19.83%, Talos – 17.35%, and the British Harbor Energy has 12.39%.
July 8, 2020 Ministry of Energy (Sener) announced the integration of the first joint production field with the private sector, instructing Pemex and Talos Energy Offshore to combine the development of the Zama field.
In those days, Schener confirmed that both companies were called upon to combine the field, which was discovered under a contract awarded to a private company.
In addition, he pointed out that the consolidation of fields has as its main goal the maximization of the cost and economic production of hydrocarbons.
He also said that Zama represents “one of the most important discoveries made by private companies in Mexico” and expects light oil production to begin in the first half of 2024.
(EFE)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
