Talos Energy announced that the Mexican oil and gas regulator, the National Hydrocarbons Commission (CNH) has approved the appraisal plan for the Zama discovery. The discovery is located in Block 7 of the Sureste Basin offshore Mexico at a water depth of approximately 165 m. CNH is currently reviewing the application for drilling permits, which are required to begin drilling operations. Talos estimates that it will spud the first appraisal well, the Zama-2, in Q4 2018 and that the appraisal program will be completed by mid-2019. In addition, the Block 7 Consortium, which includes Talos as the operator in partnership with Sierra Oil & Gas and Premier Oil, has entered into a firm contract with a subsidiary of Ensco to use the Ensco 8503 semisubmersible rig for the appraisal plan.
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