Speaking this morning at a media roundtable, Wintershall CEO Mario Mehren said the company was focused on two strategic priorities. “Diversification, through moderate growth for our E&P business. And decarbonisation, by building up our carbon management and hydrogen business.”
The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process.
Premier Oil said today that the resource estimate for the Zama field offshore Mexico had been raised "significantly" following the drilling of appraisal wells.
Premier Oil has spudded its Zama-1 exploration well offshore Mexico - the first exploration well to be drilled on acreage awarded in the country's inaugural international licencing round in 2015.