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It is measurable in terms of oxygen and carbon isotope ratios and was compared to "environmental archive" data from other parts of the earth.

Premier, together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, is pleased to announce that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery.

The Zama-1 well is the first offshore exploration well drilled by the private sector in Mexico’s history. Preliminary analysis indicates: The well spudded on utilizing the Ensco 8503, a moored floating drilling rig.

Located in 166 metres (546 feet) of water and approximately 60 kilometres (37 miles) offshore Dos Bocas, it has reached an initial shallow target depth of 3,383 metres (11,100 feet).

The Operator is currently setting a liner to protect the discovered reservoirs, prior to drilling deeper exploratory objectives to a total vertical depth of approximately 4,200 metres (14,000 feet).

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