In recent news, Talos Energy has finalized all efforts of oil extraction on their Zama-1 project. Talos energy LLC, in partnership with Mexico’s Sierra Oil & Gas and London’s Premier Oil companies, had remarkably been able to succeed at spudding a well in the Mexican waterways off the coast of Port of Dos Bocas not long ago. The drilling well which extends a total depth of 13,480 feet is approximately thirty-seven miles from the shore line. This feat hasn’t been accomplished for an astonishing eighty years and this is encouraging because Mexico’s energy market is now accessible to foreign investors. As a result of Mexico conveying the oil industry back into state jurisdiction in the year 1938, this is the only well that has not been controlled by Pemex. Zamma-1 has the capacity to support up to 500 million petroleum vessels at one time. President and Chief Executive Officer Tim Duncan surmised that Talos Energy is inspired of the recent acquisition, which yields 16,155 barrels of crude on a daily basis. With the revenue from this well’s produce, seismic analysis results and a highly skilled group of professionals Talos is ready to construct another large scale exploration and production company on the Gulf of Mexico. Their work will be concentrated on locating, expanding, producing and marketing petroleum and gas products.
Talos Energy LLC was established in 2012 and is affiliated with River stone Holdings LLC and Apollo Global Management, LLC. The companies initially invested approximately $600 million in assets for venture capitalizing purposes in the energy sector. They are a private independent petroleum business that centers their work and efforts on the discovery and processing of oil and gas. They operate primarily off of the Mexican Gulf Coast. Talos is recognized as leaders among their constituents in the energy trade for operating within earth friendly and environmentally sound processes. They are committed to excellence and the use of the most innovative technology and equipment to date. Talos is driven by modernistic approaches and collaborative participation that furthers growth and the value of Talos and its partners.
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