Mexico
Harbour Energy is one of the leading international upstream companies in Mexico, with interests offshore and onshore and comprising all phases of the E&P value chain with its exploration, development and production assets.
Through the Wintershall Dea transaction, we expanded our asset base in Mexico, adding production from the offshore Hokchi and onshore Ogarrio oil fields, and an increased stake in the offshore Zama and Kan developments. Harbour also obtained an interest in the offshore Polok and Najaal discoveries.
Production in Mexico averaged 11 kboepd from 3 September to 31 December, contributing 4 kboepd to the Group’s 2024 production (2023: N/A).
Harbour’s material 2C resource base in Mexico’s offshore conventional oil fields provides the company with significant 2P reserves replacement options.
At Zama, FEED on the approved development concept was substantially completed 2024. The Zama partners are now in discussions with Pemex to optimise the development concepts and accelerate first oil. Approval of the Zama development could result in the equivalent of over a year’s worth of Group production moving from resources into reserves. To the southwest of Zama, appraisal drilling was successfully completed at the Harbour-operated Kan oil discovery. Work to identify the optimum development concept will be undertaken during 2025.