Talos Energy is the first company to set up a offshore well in the Mexican waters over the last 80 years. This is the latest move by the Mexican government to allow foreign entities back into their energy markets. The well drilling was a joint effort between Talos Energy LLC, Premier Oil PLC and Sierra Oil and Gas. Talos Energy’s Zama-1 well is located in the Sureste Basin of Tobasco State and is estimated to hold nearly 500 million barrels of oil. The drilling will take 90 days to complete and cost nearly $16 million.
Talos Energy won the rights to the drilling project in 2015, after Mexico made the decision to open their oil industry to private companies. Talos Energy is expected to reach success with the drilling of the Sureste Basin. Mexico open up the industry after facing some serious implications in their energy markets.
Talos Energy is a energy firm tailored towards offshore exploration and production. Talos Energy consists of a team of experts who are experienced in gathering assets across the Gulf Coast and Gulf of Mexico region. Talos Energy’s team spent most of their time near the Gulf of Louisiana and Gulf of Mexico. Talos Energy was founded in 2012 and is based in Houston, Texas. Timothy Duncan is the chief executive officer and president of Talos Energy. Talos Energy is owned by Apollo Global Management and Riverstone Holdings
Talos Energy LLC knows that oil and gas are the fundamental energy source for the long-term future. The is focused on innovative methods as it continues to explore and produce valuable resources. Talos Energy is planning to explore and map out the Gulf Coast and the Gulf of Mexico by using seismic data. Talos Energy operations are also assisted by geological and geophysical reprocessing techniques. Talos Energy continues to build a company that is committed to safe and environmental compliant operations. Talos Energy built and sold two oil and gas companies in 2012. Talos Energy continues to build on its positive track record. Talos Energy continues to analyze the data it receives from the ocean depths.