Talos Energy Finishes Zama Development Program

Talos Vitality Inc. recently introduced an update on the Zama appraisal program in Block 7, situated in the offshore part of Mexico’s prolific Sureste Basin. Talos is the director of Block 7 in a consortium (the Consortium) with its companions Sierra Oil & Gas, a Wintershall DEA firm, and Premier Oil.

The Zama-3 assessment well is the third and closing appraisal piercing drilled by the Consortium to better outline the resource potential of the Zama discovery. The Zama-2 and Zama-2 ST1 appraisal perceptions, both drilled within the first half of 2019, generated outcomes that reached or exceeded the Consortium’s expectations. The Zama-3 well was drilled about 1.5 mi (2.4 km) south of the unique Zama-1 place with the targets of examining the southern extent of the storage and seizing further reservoir description information.

The Consortium is continuing to judge the total universe of information and samples collected from its four penetrations of the Zama reservoir, adding about 1,450 ft of entire core, fluid samples from 30 separate points in the reservoir, 180 pressure points, 25 logging runs and two prolonged flow checks, with the goal of combining this information with internal versions and sharing it with outside auditors to provide an updated contingent recoverable resource report by the end of year. Nevertheless, based on the introductory information amassed to date, Talos estimates the updated worth will fall in the upper half of the previously supplied pre-appraisal steerage range of 400-800 MMboe.

The Consortium is concurrently developing its front-end engineering as well as design (FEED) work streams in addition to unitization discussions with Petróleos Mexicanos (Pemex), with the aim to construct a Final Investment Decision (FID) on the mission in 2020, pending essential regulatory approvals.