Talos Energy Helps Make History in Mexico

Talos Energy is helping usher in a new era in oil drilling and is becoming a part of history. They have partnered with two other companies and are drilling the first private offshore oil well in Mexico in the last eight decades. The joint venture consists of Talos Energy, London-based Premier Oil Plc, and Mexico’s Sierra Oil & Gas. Mexico has moved to allow foreigners back into their oil market. Their oil industry has been nationalized since 1938 and this is a watershed moment that Talos is a part of. The state-run monopoly known as Petroleos Mexicanos has accomplished everything in the Mexican oil markets since then.
The well is offshore from the Mexican state of Tabasco and is called Zama-1. Located in the Sureste Basin, the well is believed to have a capacity of 100-500 million barrels of oil according to estimates. 90 days is the estimate for the time it will take to complete the drilling portion of the project. Bidding for the project was conducted in 2015 and the three companies secured the rights shortly after Mexico chose to allow foreign investment. It is hoped that this will help the Mexican oil market to improve and get stronger.
Elaine Reynolds has her eye on the oil markets and is a noted analyst. She believes the industry will watch this development with great interest. She is with Edison Investment Research Ltd. and believes that the geology is indicating a strong chance of success. Talos Energy will be operating the well and has great expertise and experience to do so.
Talos Energy is focused on projects in the Gulf of Mexico and the Gulf Coast region. Their business culture involves a strong dose of entrepreneurialism. This culture is populated by people with dynamism at their core and utilizes collaborative methods. They strive for continuous growth by encouraging everyone to contribute innovative ideas and energy on a daily basis.
Utilizing a sophisticated sense of corporate responsibility, Talos Energy strives to be a great steward of the environment committed to the safe production of oil and gas. By successfully balancing the global need for oil and environmental stewardship they have become an excellent example of the modern company.

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