In a joint endeavor between Talos Energy LLC., Sierra Oil & Gas, and Oil Plc, a new offshore oil well has been placed in the waters of Mexico. This hasn’t happened in close to 80 years in the area, because every other offshore well has been launched by Petroleos Mexicanos since the late 1930’s. The well can contain up to 500 million barrels of crude, and it will cost $16 million to finish the drilling by the three companies who won the rights through a bidding process.
It is expected that the oil well will be watched very closely by those in the oil industry, and that it should have a high chance of succeeding due to its excellent structure. It is located in the Sureste Basin and is hoped to begin to help balance out the slowly failing oil industry in Mexico. Talos Energy owns 35% of the oil well and is also the operator of it, and analysts believe that it is a very interesting happening for the Mexican market.
Talos Energy is a gas and oil company that is independent and ran by experts in its field. With a knack for picking up matured assets in the deep waters of the Gulf of Mexico, the company profits by using new technologies and seismic technologies that exploit them. Before the founding of Talos Energy in 2012, the experts who run the company had already put together and sold two gas and oil companies in the Gulf of Mexico region. Click here to know more.
Talos Energy is always looking for new ways to increase its efficiency and operations and is committed to keeping par with environmental regulations. Their specialized drilling and completion techniques have allowed them to improve hydrocarbon recovery and keep at the cutting-edge of their industry. As an employer, the company has earned a spread of awards for being one of the top workplaces for employees and has made top workplaces lists for 5 years in a row.