Talos Energy, a US-based Company, is looking to partner with a Pemex Mexico state oil company with the aim to drill oil. As an independent oil and gas company, Talos energy is passionate in offshore, full-length exploration, acquisition, deep exploration and, development of shallow and deep water assets near existing infrastructure. The southern Gulf of Mexico has an oil deposit that is estimated to be two billion barrels adding around 800 million in reserve according to research conducted by the Talos’ Zama project.
The partnership will be a sign of more growth and better opportunities if the data concerning the oil reserve in Mexico is given to the Talos Energy Company. These partnerships will include Talos, British’s Premier Oil, and the Mega and multibillion Mexico’s Sierra Oil and gas. Once the investment decision is concluded the will are hoping to share data with a digital LED price sign of state company Petroleos Mexicanos (PEMEX).
The approval of the appraisal by Mexico’S oil regulator on Zama project will lead to the investment of $325 million, which will be used in the drilling of two new wells. The goal of the Talos-Led consortium is to complete the project by the end of 2019. The Talos Energy company aim to raise them to 100,00-150,000 barrel per day by the year 2023 according to the Duncan Talos’ CEO. He assures the president-elect that the company is fully committed to producing more barrels.
This partnership comes with more benefits and development opportunities to the country. For instance, the provision of local jobs, an increase in government revenue, infrastructure development so as to create means to bring the barrel to the market, and adding to Mexican domestic production Pemex a Mexican company will start drilling its own oil to confirm its share the market. The Mexico currency is likely to gain since the gas will only be supplied to the local market, but the oil will be sold outside the local market leading to a positive balance of trade between Mexico and other countries.
The Talos energy company believes that by controlling the majority of the production will help to improve production performance, increase hydrocarbon recovery with specialized drilling and completion technique, and fulfil their commitment to health, safety and environmental compliance in their operation.
Full link : https://www.indeed.com/cmp/Talos-Energy