Collapse of Lotus Riverside Block 7

Talos Energy Files Notices Of Dispute Regarding Zama In An Effort To Achieve A Mutually Beneficial Resolution

Retrieved on: 
Friday, September 3, 2021
Letter, Acquisition, PEMEX, Hydrocarbon, Efficiency, Carbon, Notice, Collapse of Lotus Riverside Block 7, Ministry of Energy, Bilateral investment treaty, TALO, Federal government of Mexico, Company, Front-end loading, Safety, Talos, Ministry, SENER, Industry, Ownership, Talos Energy, Mexico–United States relations, Loss, Government, Agreement, Water, NYSE, Practice of law, Petroleum, Oil

The dispute is over decisions taken by SENER, including the designation of PEMEX as the operator of a yet-to-be unitized asset.

Key Points: 
  • The dispute is over decisions taken by SENER, including the designation of PEMEX as the operator of a yet-to-be unitized asset.
  • The aim is to resolve the dispute amicably through consultations and negotiations and avoid the need for further legal action, including arbitration.
  • Talos will continue to engage in good faith with the representatives of the Government of Mexico seeking to achieve a fair and mutually beneficial agreement.
  • These Notices of Dispute provide the opportunity for an initial phase of negotiation and consultation between the parties in an attempt to resolve the controversy.

Talos Energy Files Notices Of Dispute Regarding Zama In An Effort To Achieve A Mutually Beneficial Resolution

Retrieved on: 
Friday, September 3, 2021
Letter, Acquisition, PEMEX, Hydrocarbon, Efficiency, Carbon, Notice, Collapse of Lotus Riverside Block 7, Ministry of Energy, Bilateral investment treaty, TALO, Federal government of Mexico, Company, Front-end loading, Safety, Talos, Ministry, SENER, Industry, Ownership, Talos Energy, Mexico–United States relations, Loss, Government, Agreement, Water, NYSE, Practice of law, Petroleum, Oil

The dispute is over decisions taken by SENER, including the designation of PEMEX as the operator of a yet-to-be unitized asset.

Key Points: 
  • The dispute is over decisions taken by SENER, including the designation of PEMEX as the operator of a yet-to-be unitized asset.
  • The aim is to resolve the dispute amicably through consultations and negotiations and avoid the need for further legal action, including arbitration.
  • Talos will continue to engage in good faith with the representatives of the Government of Mexico seeking to achieve a fair and mutually beneficial agreement.
  • These Notices of Dispute provide the opportunity for an initial phase of negotiation and consultation between the parties in an attempt to resolve the controversy.