DEA’s Sierra Buy Boosts Mexico Portfolio

摘要

Hamburg-based DEA has agreed to buy Mexico-focused Sierra Oil & Gas for an undisclosed sum, giving the German explorer a stake in the large Zama offshore oil discovery. The buy will give DEA a total of 11 blocks in Mexico, adding Sierra’s six offshore blocks to the four offshore blocks and one onshore block it already holds. Sierra holds a 40% stake in Zama alongside US independent Talos Energy, which operates the discovery, and UK-based Premier Oil (OD Dec.5’18).