Zama Oil Field
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Zama Oil Field
The Zama Oil Field is an oil field located 60 km off the coast of Tabasco, Mexico, in the Block 7 of the Sureste Basin. It was discovered in July 2017 by Talos Energy’s Zama-1 well. It’s estimated to hold up to two billion barrels of oil. Zama is named after the Maya word for "dawn". History Zama oil field was discovered by the Zama-1 well in July 2017 in the Block 7 of the Sureste Basin. It was the first exploration well to be drilled by the private sector in Mexico since the Mexican oil expropriation. Talos Energy was the operator of the project in a joint-venture with Sierra Oil & Gas and Premier Oil. In September 2018, Mexico’s National Hydrocarbons Commission approved a $325m budget for appraisal drilling at Zama. However, the presidency of López Obrador changed the approach of the Mexican government with private oil companies. Sierra Oil & Gas sold its 40% stake in Zama to Wintershall DEA, meanwhile, Premier Oil announced that its 25% stake was for sale. Talos ...
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Oil Field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil (petroleum) or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulated liquid petroleum underground in multiple (potentially linked) reservoirs, trapped as it rises to impermeable rock formations. In industrial ...
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Tabasco
Tabasco, officially the Free and Sovereign State of Tabasco, is one of the Political divisions of Mexico, 32 Federal Entities of Mexico. It is divided into Municipalities of Tabasco, 17 municipalities and its capital city is Villahermosa. It is located in southeast Mexico and is bordered by the states of Campeche to the northeast, Veracruz to the west, and Chiapas to the south and the Petén Department, Petén department of Guatemala to the southeast. It has a coastline to the north with the Gulf of Mexico. Most of the state is covered in rainforest as, unlike most other areas of Mexico, it has plentiful rainfall year-round. The state is also home to La Venta, the major site of the Olmecs, Olmec civilization, considered to be the origin of later Mesoamerican cultures. It produces significant quantities of petroleum and natural gas. Geography The state is located in the southeast of Mexico, bordering the states of Campeche, Chiapas, and Veracruz, with the Gulf of Mexico to the n ...
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Mexico
Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundary, maritime boundaries with the Pacific Ocean to the west, the Caribbean Sea to the southeast, and the Gulf of Mexico to the east. Mexico covers 1,972,550 km2 (761,610 sq mi), and is the List of countries by area, thirteenth-largest country in the world by land area. With a population exceeding 130 million, Mexico is the List of countries by population, tenth-most populous country in the world and is home to the Hispanophone#Countries, largest number of native Spanish speakers. Mexico City is the capital and List of cities in Mexico, largest city, which ranks among the List of cities by population, most populous metropolitan areas in the world. Human presence in Mexico dates back to at least 8,000 BC. Mesoamerica, considered a cradle ...
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Sureste Basin
The Sureste Basin or Salinas-Sureste Basin is a hydrocarbon province located in southeast Mexico. The basin covers an area of and comprises proven reserves of 50 billion barrels of oil. Due to recent successful explorations, the area has been called a Super Basin. The first oil explorations in the onshore Sureste Basin started in 1907. Offshore explorations started in the mid 20th century. Improvement of drilling techniques in the 1970s allowed the discovering of giant oil fields, such as Cantarell. Since 2015, oil companies have started exploration in deep waters. In 2017, the Zama oil field was discovered. Description Sureste Basin covers an area of , that extends from the Chiapas fold belt in the onshore southern limit, to the base of the Campeche Slope in the deep-waters region. It includes prolific oil sub-basins such as Salina, Sonda de Campeche, and Campeche-Tabasco. Deposits range from the late Triassic to Holocene ages. It's described as a highly structural salt basin. ...
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Maya Language (Mexico)
Yucatec Maya ( ; referred to by its speakers as or ) is a Mayan language spoken in the Yucatán Peninsula, including part of northern Belize. There is also a significant diasporic community of Yucatec Maya speakers in San Francisco, though most Maya Americans are speakers of other Mayan languages from Guatemala and Chiapas. Etymology According to the Hocabá dictionary, compiled by American anthropologist Victoria Bricker, there is a variant name , literally 'flat speech'). A popular, yet false, alternative etymology of Mayab is ''ma ya'ab'' or 'not many, the few', which derives from New Age spiritualist interpretations of the Maya. The use of "Mayab" as the name of the language seems to be unique to the town of Hocabá, as indicated by the Hocabá dictionary and is not employed elsewhere in the region or in Mexico, by either Spanish or Maya speakers. As used in Hocabá, "Mayab" is not the recognized name of the language, but instead a "nickname" derived from a common nic ...
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Mexican Oil Expropriation
The Mexican oil expropriation () was the Nationalization of oil supplies, nationalization of all petroleum reserves, facilities, and Big Oil, foreign oil companies in Mexico on March 18, 1938. In accordance with Article 27 of the Constitution of Mexico, Constitution of 1917, President of Mexico, President Lázaro Cárdenas declared that all mineral and oil reserves found within Mexico belong to the nation. The Mexican government established a State-owned enterprise, state-owned petroleum company, Petróleos Mexicanos, or PEMEX. For a short period, this measure caused an international boycott of Mexican products in the following years, especially by the United States, the United Kingdom, and the Netherlands, but with the outbreak of World War II and the alliance between Mexico and the Allies of World War II, Allies, the disputes with private companies over compensation were resolved. The anniversary, March 18, is now a Mexican Public holidays in Mexico#Civic holidays, civic holida ...
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Talos Energy
Talos Energy Inc. is an oil and gas company that engages in the exploration, development, and production of oil and natural gas properties in the Gulf Coast and Gulf of Mexico. History The company was founded in 2012 by Timothy Duncan with a $600-million equity raise from Apollo Global Management and Riverstone Holdings. The company is based in Houston, Texas. In July 2017, Talos Energy, Premier Oil, and Sierra Oil & Gas announced that exploratory drilling in the Zama-1 field, located in the shallow waters of the Gulf of Mexico, had uncovered a formation with between 1.4 billion and two billion barrels of light crude oil. Because not all oil present is such a formation is technically recovered, it is believed that the formation could yield about 425 million barrels. In May 2018 Talos Energy Inc.("Talos") completed merger with Stone Energy Corporation (NYSE: SGY) ("Stone") and became Talos Energy, Inc. The new company trading on the New York Stock Exchange under the new ticke ...
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Premier Oil
Premier Oil plc was an independent UK oil company with gas and oil interests in the United Kingdom, Asia, Africa and Mexico. It was devoted entirely to the 'upstream' sector of the industry — the exploitation of oil and gas — as opposed to the 'downstream' refining and retail sector. It was listed on the London Stock Exchange until it was acquired by Chrysaor Holdings and then merged into Harbour Energy in March 2021. History The Company started trading in 1934 as the ''Caribbean Oil Company'' with the intention of pursuing oil and gas exploration and production activities in Trinidad. It was first listed on the London Stock Exchange in 1936 as ''Premier (Trinidad) Oilfields'' For the next two decades, the Company concentrated its attention on oil production in Trinidad. The Company acquired its first interest in the North Sea in 1971; it expanded its operations in the UK Continental Shelf throughout the 1970s, merging with the Ball and Collins North Sea Consortium in 1977 ...
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López Obrador
López or Lopez is a surname of Spanish origin. It was originally a patronymic, meaning "Son of Lope", ''Lope'' itself being a Spanish given name deriving from Latin ''lupus'', meaning "wolf". Its Portuguese and Galician equivalent is '' Lopes'', its Italian equivalent is '' Lupo'', its French equivalent is '' Loup'' (or ''Leu''), its Romanian equivalent is '' Lupu'' or '' Lupescu,'' its Catalan and Valencian equivalent is ''Llopis and its basque'' equivalente is '' Otxo.'' López is the fifth most common Hispanic surname globally and in Spain and the USA. It is the most common surname in the province of Lugo. It is the most common Spanish surname in the United Kingdom. Geographical distribution As of 2014, 34.8% of all known bearers of the surname ''López'' were residents of Mexico (frequency 1:40), 10.0% of Spain (1:52), 8.2% of Guatemala (1:22), 7.3% of the United States (1:547), 7.1% of Colombia (1:75), 5.0% of Argentina (1:96), 3.8% of Venezuela (1:88), 2.7% of Honduras ...
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PEMEX
Pemex (a portmanteau of Petróleos Mexicanos, which translates to ''Mexican Petroleum'' in English; ) is the Mexico, Mexican State ownership, state-owned Petroleum industry, petroleum corporation managed and operated by the government of Mexico, Mexican government. It was formed in 1938 by nationalization and expropriation of all Mexican oil expropriation, private oil companies in Mexico at the time of its formation. Pemex had total assets worth $101.8 billion in December 2019 and as of 2009 was Latin America's second largest enterprise by annual revenue, surpassed only by Petrobras (the Brazilian national oil company). The company is the seventh most polluting in the world according to ''The Guardian''. History Asphalt concrete, Asphalt and Pitch (resin), pitch had been worked in Mexico since the time of the Aztecs. Small quantities of petroleum, oil were first refined into kerosene around 1876 near Tampico. By the early 20th century, commercial quantities of oil were being ...
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Oil Fields In Mexico
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from -4; we might wonder whether there's a point at which it's appro ...
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Petroleum Industry In The Gulf Of Mexico
Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refined crude oil. Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric organisms, particularly planktons and algae, and 70% of the world's oil deposits were formed during the Mesozoic. Conventional reserves of petroleum are primarily recovered by drilling, which is done after a study of the relevant structural geology, analysis of the sedimentary basin, and characterization of the petroleum reservoir. There are also unconventional reserves such as oil sands and oil shale which are recovered by other means such as fracking. Once extracted, oil is refined and separated, most easily by distillation, ...
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