Talos Energy Angles for the Mexican ZAMA-1

Talos Energy is an oil and gas exploration company based out of Houston Texas. The company specializes in offshore exploration and production. It has long-standing experience in the field of oil exploration. Talos Energy has many examples of projects it highlights as great successes on its performance profile. The company has amassed a large team of experts and collected expertise that has enabled it to employ state-of-the-art techniques in exploring deepwater resources in the Mexican Gulf.

Competition Catches Up with Oil and Gas Companies

Competition is rife in the energy sector. The low prices of oil, the ever-increasing competition between companies and the use of nationalized oil and gas exploration outfit have pushed the business prospects in the sector to the edge. Many company heads are scratching their heads trying to figure out how they will increase production and grow stronger into the future. There is always a notion of hitting it big and producing hundreds of thousands of barrels of oil. Thus, many companies bid for exploration contracts. The activities of the companies have also caused the flow of oil from the ocean bottom to the fuel reservoirs spread across the dry land.

PEMEX Discovery

PEMEX discovered an oil reserve near Sureste Basin, off the coast of Mexico. Many companies are rushing to be granted drilling rights. PEMEX is one of the major players in the oil and gas exploration in Mexico. The well has been named ZAMA-1. It is estimated that it is an interval exceeding a thousand feet. The well is estimated to carry large volumes of oil and gas reserves and may extend all the way to where there is a PEMEX-operated block in the neighborhood. Major offshore exploration companies have expressed their interest to perform drilling activity for appraisal purposes; which is scheduled to begin towards the end of the year. Some of the companies on the list include Talos Energy, Premier Oil, and Sierra Oil & Gas. PEMEX has on its part indicated that it will run the appraisal using a licensed well. A host of vendors have also forwarded their engineering designs for the pre-front-end, and have created a study scope that could help in the planning of the appraisal.