Talos Energy Makes Huge Strides Towards Zama Project Goals

Talos Energy is an independent oil as well as gas company that is led by a corporate leadership team with many years of experience in offshore production and exploration. Their expertise at acquiring operated self as well as developed deep water assets in the Gulf of Mexico is top-notch. They go out of their way to explore, exploit and optimize the assets utilizing innovative techniques as well as state-of-the-art seismic technologies.

Talos Energy has been in operation for over a decade and over the time, they have achieved a lot as a cohesive group. They have recorded a lot of positive results since it came into operation in 2012. It successfully built and then sold Phoenix Exploration Co. as well as Grypton Exploration Co, two Gulf of Mexico oil as well as gas companies. The two companies have delivered significant returns to Talos Energy’s equity investors.

Based on the strong foundation, the company is committed to sustainable practices while they continue to build a world class company. Talos Energy is always on the lookout for better ways to operate in an effort to find a competitive edge. Recently, National Hydrocarbons Commission (CNH) approved the Zama discovery appraisal plan.

The approval marked the start of the appraisal of the Zama discovery. The commission is still reviewing the drilling permits application for them to start drilling operations. Talos is confident that the whole appraisal will be complete by mid-next year. This comes barely a week after the Pre-Unitization Agreement with Premex was announced. The approval was definitely another important milestone with their partners in Mexico.

In a statement, Timothy S. Duncan, President & CEO, stated that the approval enables them to accelerate Zama project’s schedule of investments in Mexico and start drilling operations by the end of the year. The company’s ultimate goal is to achieve initial production from the Zama discovery by 2022 and as a result, create employment opportunities, increase Mexico’s government revenues as well as add to Mexican domestic production materially.

Talos Energy operates in the United States Gulf of Mexico as well as in the shallow waters off the coast of Mexico. It is focused on exploration, exploitation, acquisition as well as development of shallow as well as deep-water assets near existing infrastructure.

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