Talos Energy Turn Around Discovery
Formed in the year two thousand and twelve, Talos Energy commenced as an independent oil and gas company. The firm’s expertise spans across the United States, Gulf of Mexico and offshore Mexico. Talos Energy deals with the production of hydrocarbons. The company was formed initially with a purpose of purchasing holdings in the Gulf of Mexico and Gulf Coast. This was the result of a collaboration with Riverstone Holdings and Apollo Global Management. Assets in the regions were acquired for the purpose of exploration of the surroundings and optimization. The firm also is into business development ventures. This includes utilization of 10.2 million acres of inventory used to polish transaction economics. Talos Energy’s expert management team has also shared a stake of the cake to equity-backed companies. In all instances, they have delivered impressive returns due to use of innovative techniques to develop top investment opportunities to investors. Not so long ago, Talos Energy made a very enticing discovery.
The company discovered a whopping two million barrels of oil. This discovery which was made in the shallow waters of the coast of Mexico. The discovery was the first of its kind since Mexico opened up its gas and oil fields for exploration by foreign companies. The exact location of this discovery was 37 miles from Puerto Dos Bocas at the steak of the Southern Coast of the Gulf of Mexico. The company’s president who also doubles up as its Chief Executive Officer, Mr. Tim Duncan said that the development of the discovery would take at least four years. This discovery has triggered further interest in research and exploration for more oil in the border of U.S.
This discovery has been a crucial turn around point for the struggling energy sector of Mexico. An analyst at Wood Mackenzie Research firm said that Zama is among the largest low water fields to be discovered in a span of over twenty years. The well has an initial depth of eleven thousand feet. According to experts, this discovery is just the perfect solution needed to lure Mexico’s needs to boost investments from all oil big pins in the industry.
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