Talos Energy submits Notice of Dispute to Mexican Government over Zama

September 3, 2021 | 6:24 pm

Talos Energy Submit a Notice of Dispute to the Government of Mexico regarding the actions of the Department of Energy (Later), including the appointment of Petróleos Mexicanos (Pemex) as field operator remain.

The company argued that these decisions harmed Talos as an investor and operator of the joint field between the two companies whose consolidation is still pending.

Through a statement, Talos noted that the identification constituted violations of the agreement between the United States, Mexico, and Canada (T-MEC), as well as the Bilateral Investment Treaty between Mexico and the Belgian-Luxembourg Economic Union (UEBL).

The US company said its goal is to resolve the dispute amicably through consultations and negotiations and avoid the need for further legal action, including arbitration.

“Talos will earnestly seek a fair and mutually beneficial settlement,” the company said in the statement.

Talos President and CEO Timothy S.

Last July, the Department of Energy notified the designation of Pemix As the operator of the Zama field, which was discovered in 2017.

“Both Talos and Pemex have been informed of this; all legal requirements have been met. This took us nearly a year. We are talking with both of them, which is continuing according to the law,” agency head Rossio Nahli told the media on July 5. .

The identification of who was responsible for operating the asset continued for months, with both companies arguing separately that they had the credentials to operate it and that they held most of its reserves.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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