Mexico Picks Pemex to Run Giant Zama Discovery. Talos Says Will Explore All Legal Options

Mexico chose state-owned Pemex to run a major shared oil find over the private consortium led by a U.S. oil company that first discovered it, in the latest win for President Andres Manuel Lopez Obrador’s nationalistic energy policies.

The disputed deposit, believed to hold some 700 million barrels of oil, is thought to straddle two neighboring blocks in the southern Gulf of Mexico, one belonging to Pemex and the other to a private consortium of oil companies led by Houston-based Talos Energy.

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