Talos closing in on approval for next-phase wells offshore Mexico
Talos Energy has submitted its appraisal plan for offshore block 7 in the Mexican sector containing the Zama oil discovery to industry regulator the National Hydrocarbons Commission.
The company plans to drill a minimum of three wells and conduct a drillstem test, extensive coring and reservoir fluid sampling.
Talos has been in consultation with CNH and anticipates approval shortly for the program. The semisubmersibleEnsco 8503is due to spud the first appraisal well in 4Q (the same rig drilled the Zama #1 discovery well in 2017), with the program then likely to continue through mid-2019.
Last month, the company also sought approval from Mexico’s Ministry of Energy (SENER) to enter a preliminary unitization agreement (PUA) with PEMEX for a potential unitization encompassing the Zama field in block 7 and the PEMEX grant to the east.
The PUA would primarily clear the way to signing the governing unit agreement and unit operating agreement for the Zama discovery, allowing for a timely final investment decision and the start of development activities. Talos is targeting first production from the field in 2022.
In addition, the proposed appraisal campaign will involve deepening one of the wells to test the Marte prospect in block 7.
During 2Q 2019, Talos aims to drill its first well on Mexico’s offshore block 2, in 100 ft (30.5 m) water depth, testing the Bacab prospect.