Highlights

  • Harbour Energy has been officially appointed operator of the Zama oil project offshore Mexico.
  • The Zama field is estimated to hold roughly 750 mmboe of gross recoverable resources.
  • Engineering and design work is scheduled for 2026 ahead of a final investment decision.

Harbour Energy plc (LSE:HBR) announced it has been appointed operator of the Zama oil project, located offshore Mexico. The decision was agreed upon by Zama partners, including Pemex, Grupo Carso, and Talos Energy, and has received approval from SENER, Mexico's Ministry of Energy. Under the agreement, partners have the option to appoint key personnel to Harbour's project team.

Project Overview and Resource Estimates
Discovered in 2017 and appraised in 2018–2019, the Zama oil field is estimated to contain approximately 750 million barrels of oil equivalent (mmboe) in gross recoverable resources. The appointment of Harbour as operator positions the company to manage development, production planning, and ongoing project operations.

Next Steps: Engineering and Design
The Zama project is moving into the engineering and design phase, expected to continue through 2026. This work will precede the final investment decision, which will determine the field's path toward production. The project team will include personnel from Harbour as well as representatives from the partner companies, ensuring joint oversight of technical and operational processes.

Strategic Importance
Zama is considered a significant asset for Mexico’s domestic energy supply. Harbour, as the project operator, will oversee the field’s development with input from Pemex and other partners. The appointment underscores the collaborative approach among the consortium to manage resources and operational planning.

Share Price Snapshot
HBR was trading at GBX 198.10 per share as of 31 December 2025