Wednesday, November 22, 2017

Premier Oil Discovers Oil off Mexico Coast

Posted by July 12, 2017

Premier Oil Plc said it had discovered oil off the coast of Mexico at its Zama-1 exploration well in Block 7.
 
Premier, which holds a 25 percent interest in the block, said estimates for the Zama-1 well were in excess of 1 billion barrels, which could extend into a neighbouring block.
 

The project is jointly owned by Talos Energy, which acts as operator and has a 35 percent stake, and Sierra Oil and Gas which holds the remaining 40 percent.

 

Reporting by Arathy S Nair 

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