Award-Winning Talos Energy Finds New Water to Explore

Talos Energy is a small, petroleum company. It is based in Houston, Texas. This independent company drills for oil and natural gas in the regions of Louisiana and the Gulf of Mexico. They explore, research and drill in shallow and deep waters. The profits of Talos are about eight-hundred and fifteen million every year, helping them to become award winners in 2017. The company won the Discovery of the Year Award.

Talos Energy takes great pains to explore safely along the US Golf Coast. The company has 10.2 million acres to cover, using state of the art tools. Last year, the company found a large area of oil called the Zama-1, 2, and 3 fields. After approval by Mexico’s National Hydrocarbon Commission, Talos began exploring these areas, located on the Mexican border.

Exploration in this designated area will cost an estimated $250 million and the research is expected to find up to two billion barrels of petroleum. This feat was made possible by the 2014 Mexican Amendment, allowing private companies like Talos Energy to explore and drill. With the Zama discovery, Talos Energy needs to pass a Mexican appraisal before drilling begins.

Talos Energy is in partnership with Britain’s Premier Oil PLC, Sierra Oil & Gas of Mexico City. It is also a member of the Block 7 Consortium. The company has partnerships with Apollo Global Management and Riverstone Holdings too. In September of 2018, Talos Energy acquired another petroleum company called Whistler Energy II.

Timothy S. Duncan is the CEO and President of Talos Energy. He is also a co-founder, opening the firm in 2012. This energy company employs up to two hundred and fifty employees and takes care of them through a company program called UL Pure Safety. The program carefully trains workers and tracks their safety performances.

Talos Facebook page : http://Facebook.com/talos.energy/

Leave a Reply

Your email address will not be published. Required fields are marked *