Grupo Carso buys additional 5% stake in Zama oil field
Updated
Updated · MarketWatch · May 7
Grupo Carso buys additional 5% stake in Zama oil field
12 articles · Updated · MarketWatch · May 7
The $75.25 million deal covers the southern Gulf of Mexico project and would raise Carso unit Zamajal's holding to about 17.8%.
Carso said most proceeds would be invested in developing Zama, where Harbour Energy would hold 27.3%, Pemex 50.4% and Talos Energy 4.5% after completion.
Discovered by Talos in 2017, Zama is estimated to hold about 750 million barrels of oil equivalent; Harbour was appointed operator in December after Pemex had previously led the shared deposit.
As private capital flows into Zama, can Mexico's state-run Pemex effectively lead its most promising oil project?
With a Mexican giant increasing its stake, will the long-delayed Zama oil field finally start production?
Is Carlos Slim's latest energy deal a bet on oil's future or a strategic play for influence in Mexico?