How Talos Energy Is changing the energy industry
After a period close to an entire century, a privately-owned company has finally drilled an oil well in the Mexican waters. Such a development is the latest among many made by the country, in an attempt to woo back foreign investors into the energy industry.
To steer the process, two companies namely Talos Energy LLC and Sierra Oil & Gas have been drilling the oil for close to a year now. The offshore oil well will be the first to be launched by anybody save for state-operated domination Petroleos Mexicanos. The industry has always been run by the state since 1938 when the country nationalised oil industry.
Known as the Zama-1 well, the oil source has a capacity of between a hundred million to five hundred million barrels of crude oil. This is according to the statement given by Premier. The completion of the drilling process is expected in about three months at the cost of sixteen million dollars. It is Elaine Reynolds opinion that the project has a high chance of success geologically since the basins structure suggests so.
Each of three companies involved in drilling process has a significant share, with Talos energy holding thirty-five percent stake in the project. Sierra, on the other hand, has forty percent share and Premier has twenty-five percent. Talos energy operates the offshore oil well.
Talos energy is an own gas and oil firm that mainly focuses on both offshore production and exploration. The top rated business in small companies’ category basis their expertise in acquiring assets around the Gulf of Mexico and the Gulf Coast areas. Asset optimisation, exploration and exploitation are the key areas that Talos highly emphasizes.
As a reputable energy company, Talos energy continues to sore high, with their latest achievement being the completion of the Tornado II boring program. Others include the historic discovery of oil in Mexico waters, successful drilling of the Zama-1 well oil and expanding their base in Mexico among others. Moreover, the management of Talos energy continues to excel in the industry with Ash Shepherd, sales manager for Mexico at Talos Energy being featured as a Thirty under 40 Honoree.
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