Category: Industry

Talos Energy as a Part of a Historic Gas and Oil Project in Mexico

Talos Energy LLC has been in business for a multitude of decades, and so far it has achieved great success as the company was one the three participants in an oil well drilling project in Mexico.

The company of Talos Energy LLC is an independent business working in the industry of gas and oil. The company has a strong focus on offshore exploration and production. It has also been directed a lot of its focus towards acquiring new deepwater assets on Mexican territories such as the Gulf Mexico. Talos Energy LLC utilizes seismic technologies for their exploration and exploitation. The company has a record of staying on top of the latest advancement in technology in their line of work.

Talos Energy LLC has a lot of success in 2012. The company created two business and sold both of them. The companies are called Gryphon Exploration Co., and Phoenix Exploration Co. Both of the companies were located in the Gulf of Mexico working in oil and gas. The companies made significant returns to the equity investors of the Talos Energy LLC.

A few months ago, Talos Energy LLC became a part of a highly significant project for the oil and gas industry. As is already known, Mexico has a monopoly over their gas and oil industry. Foreign businesses have not been allowed to dabble in the industry for more than 80 years. Together with two other businesses, the Texan company of Talos Energy LLC is a partnership with a UK company called Premier OIL PLC and a native Mexican company under the name of Sierra Oil and Gas. The three businesses will have the honor to work on the first project of oil well drilling in Mexico which has not been done by foreign businesses in about eight decades.

Talos Energy LLC is the owner of 35% of the stakes. The company comes second after the native business of Sierra Oil and Gas which owns 40%. That leaves 25% of stakes for the UK company of Premier Oil PLC. The project got the name Zama- 1, and it will be completed in only three months since its start in May 2017.

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