Harbour Energy appointed operator of Zama oil project

(Sharecast News) - Harbour Energy has been appointed operator of the Zama oil project offshore Mexico after an agreement between the project's partners, the company said on Wednesday.

The Zama oil field, discovered in 2017 and successfully appraised in 2018 and 2019, is estimated to contain approximately 750 million barrels of oil equivalent of gross recoverable resources. Harbour added that the next step will be to complete engineering and design work in 2026 ahead of a final investment decision.

Zama partners, including Pemex, Grupo Carso and Talos Energy will have the option to appoint key personnel into Harbour's project team, and subsequently approved by Mexico's energy ministry.

Reporting by Frank Prenesti for Sharecast.com