Harbour, an Edinburgh-based energy firm, has officially assumed operatorship of the Zama oil project. This significant development is located offshore Mexico. The company now spearheads the project’s progression towards future production.
Project Overview
The Zama project represents a key offshore oil asset in Mexican waters. Its successful development holds implications for regional energy supply. Harbour’s new role positions it at the forefront of this substantial undertaking.
Advancing Towards Development
Harbour has outlined a clear path for the project’s immediate future. The firm is now driving the necessary preparatory stages.
Engineering and Design Work
The company anticipates completing essential engineering and design work for the Zama project next year. This phase is critical. It lays the groundwork for all subsequent construction and operational activities.
Final Investment Decision
Following the completion of these detailed engineering and design efforts, Harbour will proceed with a final investment decision (FID). The FID represents a crucial milestone. It commits the necessary capital for the project’s full-scale development and execution.
Harbour’s Strategic Involvement
Assuming operatorship underscores Harbour’s strategic commitment to international energy projects. The Edinburgh-based firm brings its expertise to this Mexican offshore venture. This move aligns with its broader portfolio development goals.
The transition marks a pivotal moment for the Zama project. All stakeholders await the successful completion of the upcoming technical phases. This will pave the way for the ultimate investment decision.
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