Talos Energy is the first private company to set up ofshore wells in Mexican waters in the last 80 years. This was due in part by the Mexican government to allow foreign entities back into its energy market. The drilling is being undertaken by three companies which include: Talos Energy LLC, Premier Oil PLC, and Sierra Oil & Gas. Talos Energy latest well, the Zama-1 well is located in the Sureste Basin of Tobasco State, which is believe to hold nearly 500 million barrels of oil.
The drilling process will take 90 days to complete. Talos Energy has said the cost of drilling will be nearly $16 million dollars. Mexico awarded the rights to the three companies in 2015, after Mexico agreed to open the flailing oil industries to private entities.
Based on the geological structure of Sureste Basin, Talos Energy believes they have high chances for success. The opportunity to drill in Sureste Basin was brought up when Mexico faced issues within its own energy markets. One the drilling is complete Talos Energy and the other joint partners will analyze all the data gathered from the Zama-1 well.
Talos Energy is an oil and gas company focused on offshore exploration and production. Talos Energy is made up of experts who can acquire assets around the Gulf Coast and Gulf of Mexico regions. Both the management and technical teams from Talos Energy spent majority of their time in the Gulf of Louisiana and Gulf of Mexico region. The technical teams focus on exploitation, exploration and optimization.
Talos Energy knows that oil and gas are the main source of energy now and the foreseeable future. Talos Energy commits itself to innovative solutions to better explore and produce valuable resources. Talos Energy is working to acquire and target the Gulf Coast region and Gulf of Mexico by using seismic data.
Talos Energy LLC is based in Houston, Texas and was founded in 2012. Tim Duncan was named as the chief executive officer of Talos Energy LLC and has continued to grow this oil and gas company and reach places where nobody else has drilled.