Pemex

Mexico’s Ministry of Energy has completed the unitization resolution between the blocks that share the Zama reservoir.

The Mexican state oil company’s increased spending plan is designed to turn around flagging oil production.

The wells that were taken off line as a result of the blaze had been producing 421,000 B/D of oil.

A fire at Ku-Maloob-Zaap killed five and sidelined more than 400,000 BOPD.

The Zama field was once considered the ideal result of Mexico's energy reforms that sought to bolster the country's oil and gas output by inviting private companies to participate in the energy sector.

Once heralded as a major achievement of Mexico's energy reforms designed to entice foreign investment, control of the Zama field has been in dispute for 2 years and is now likely to be decided by industry regulators.

Pemex and Talos Energy have 120 days to decide how to share a massive offshore field that both companies claim they should operate. Failure to come to terms means the government will decide the matter.

Talos is hoping to retain its operatorship of the major discovery it made in 2017 offshore Mexico after a reserves audit confirmed the reservoir is shared between two offshore blocks.

The Quesqui field is expected to be the biggest onshore find in Mexico since 1987.

The ransomware attack that began over the weekend is reportedly still affecting the national oil company’s payment systems, which may have wider impacts on its supply chain. For now, the company says its upstream and downstream operations are running normally.