Harbour Energy PLC Submission of Zama Unit Development Plan (0839U)
March 24 2023 - 3:00AM
UK Regulatory
TIDMHBR
RNS Number : 0839U
Harbour Energy PLC
24 March 2023
Harbour Energy
Submission of Zama Unit Development Plan
"Harbour" or "Harbour Energy"
24 March 2023
Harbour Energy and the other Zama Unit Holders, Petroleos
Mexicanos (Pemex), Wintershall Dea, and Talos Energy, are pleased
to announce that Pemex, as operator, submitted the Unit Development
Plan (UDP) for the Zama field to Mexico's National Commission of
Hydrocarbons (CNH) for approval.
The Zama UDP envisages two offshore shallow water platforms and
46 production and water injection wells with the oil and gas to be
transported via pipeline to new facilities located in Terminal
Maritima Dos Bocas. The UDP minimises greenhouse gas intensity by
using best available technology and produced gas for onshore power
generation as well as by leveraging existing storage and transport
infrastructure.
Further engineering and planning work, including front end
engineering (FEED), will continue while awaiting UDP approval from
CNH. As part of this project phase, the partners will receive
refreshed cost and schedule estimates for the development. A final
investment decision (FID) will be taken after the conclusion of
FEED.
The Zama Unit partners have also agreed to form an Integrated
Project Team (IPT) to manage the delivery of the field development.
The IPT is designed to provide technical, operational, and
execution expertise drawing on the talents and skills from all
partners. The shared goal of the IPT is safe and efficient delivery
of first production from the Zama field.
Separately, Pemex and the Block 7 partners have agreed principal
terms related to hydrocarbon sales and the use of Terminal Maritima
Dos Bocas (TMDB) facilities based on market indices and standard
terms and conditions.
Stuart Wheaton, Harbour Energy EVP International Business
commented:
"We are delighted with the collaboration between our partners
which has enabled us to submit the Unit Development Plan for the
Zama field on schedule. This marks an important milestone towards
delivering safe and efficient first oil from the Zama field which
once onstream will contribute significantly to both Harbour's
production and Mexico's domestic energy supply."
Enquiries
Harbour Energy plc
Elizabeth Brooks, Head of Investor Relations
020 3833 2421
Brunswick
Patrick Handley, Will Medvei
020 7404 5959
Notes to editors
As per the Unitisation Resolution from March 2022, the initial
working interests in the Zama Unit are Pemex 50.43 per cent,
operator, Wintershall Dea 19.83 per cent, Talos Energy 17.35 per
cent and Harbour Energy 12.39 per cent.
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