Jonathan Moss, head of marine and trade at DWF, comments on the impact that the ensuing Middle Eastern crisis is having on the insurance market.
In the 2000’s national oil companies (NOCs) investing abroad were viewed as new competition to the international oil companies (IOCs). NOCs began acquiring international assets, whether to bolster security of supply for their growing economies, for energy diplomacy or simply to generate new profit streams abroad capitalizing on their domestic capabilities.
The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of more than 100 million boe, with offshore regions dominating the list of new oil and gas deposits.
Talos Energy Inc. has announced the finalization of the third-party contingent resource evaluation of the Company's globally recognized Zama discovery commissioned from Netherland, Sewell & Associates, Inc. ("Netherland Sewell" or "NSAI"). Talos is the operator of Zama, located offshore Mexico, and holds a 35% working interest in Block 7 in a consortium with its partners Sierra Oil & Gas, a Wintershall DEA company, and Premier Oil plc (the "Consortium").
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