Talos Energy: Keeping it safe while drilling for oil

Drilling for a new offshore oil well in Mexican waters began in May and is a joint venture for Talos Energy LLC, Premier Oil Plc, and Sierra Oil and Gas of Mexico. It is the first time in nearly 80 years that a private company has invested in a new oil well in Mexican waters.
As the first offshore exploration well to be created by a company that is not the Petroleos Mexicanos since 1938, it is the latest phase in Mexico’s goal to permit foreign competitors into its energy markets again.
Drilling is still taking place as it is set to take at least 90 days for the drilling to be complete at a cost of around $16 million. The well, known as the Zama-1 well, holds from 100 to 500 million barrels of crude oil, according to Premier.
Talos Energy, an independent gas and oil company based in Houston, Texas, is dedicated to offshore exploration and production. Talos Energy bases its business on securing assets that are located in and around the Gulf of Mexico and the Gulf Coast to optimize the oil wells it owns along with exploration for new locations.
Talos Energy is the operator of the Zama-1 well and owns 35 percent in this latest oil well venture while Sierra owns 40 percent and Premier holds a 25 percent stake.
The management team at Talos Energy has years of combined experience in the oil and gas business. The experts at Talos have grown deepwater assets in the Gulf of Mexico while exploring, exploiting and optimizing those assets by using innovative techniques and the latest technologies to continue growing the company. While maintaining a competitive edge by always searching for new ways to operate, the management team of Talos Energy is committed to utilizing methods of oil drilling that are safe for the environment and compliant with all rules and regulations.

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