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    TotalEnergies Transfers Mexican Shallow Water Block to Grupo Carso

    A significant shift in the energy landscape has unfolded as a Mexican subsidiary of the French energy giant TotalEnergies has finalized a deal to divest its stake in a strategic offshore block to Mx Dlta Nrg 1, a subsidiary of Zamajal. This company is predominantly backed by Grupo Carso, which holds an 80% interest, alongside Control Empresarial de Capitales, which retains 20%.

    Illustration; Source: TotalEnergies
    Illustration; Source: TotalEnergies

    This strategic maneuver sees Zamajal’s Mx Dlta Nrg 1 entering into a binding agreement with TotalEnergies EP Mexico concerning a 30% interest in Block 30 of the Salina del Istmo Basin, an area currently managed by Harbour Energy.

    Upon the completion of this transaction, the operational dynamics of Block 30 will shift, resulting in Harbour Energy holding the majority stake at 70%, with Mx Dlta Nrg 1 owning the remaining 30%. This offshore block resides roughly 29 kilometers from the coast in the shallow waters of the Gulf of Mexico, specifically off the Mexican state of Tabasco.

    Block 30 encompasses the notable Kan discovery, an oil field that rests under a production sharing contract (PSC) for hydrocarbon exploration. The area spans a total of 30.5 square kilometers, with well depths ranging from 3,300 to 3,750 meters and water depths between 40 to 50 meters, highlighting its potential for extensive energy extraction.

    The block was initially awarded in April 2018 by the National Hydrocarbons Commission (CNH) as part of an international bidding process, to a consortium that included Premier Oil, Deutsche Erdoel Mexico (currently Harbour Energy), and Sep Block 30 (now TotalEnergies). The agreement is structured as a 25-year term, illustrating long-term commitment towards developing and leveraging the region’s hydrocarbon resources.

    However, the successful completion of this transaction will hinge on securing the necessary regulatory approvals, a standard procedure in such acquisitions. This move not only marks a significant development for TotalEnergies but also expands Grupo Carso’s influence within the energy sector. Notably, the firm recently bolstered its presence by acquiring additional interests in the Zama field in 2024, further reinforcing its strategic positioning as a major player in the Mexican oil and gas arena following Zamajal’s purchase of interest in Talos Mexico.

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