How Talos Energy Is Revolutionizing The Oil And Gas Industry Across The Gulf Of Mexico

Talos Energy operates as an independent oil and gas company that focuses on offshore exploration and production. The company usually acquires assets in and around the Gulf of Mexico and Gulf Coast regions wit h a high-emphasis on asset optimization, exploration, and exploitation. Talos Energy corporate strategy is to use its extensive database and propriety reprocessing techniques in acquiring, exploiting and exploring the mining fields.

As Talos Energy maintains the control of its production processes, the company applies leading practices to every aspect of its operations. Talos aims at improving its production performance on completion and workover projects and increasing hydrocarbon recovery using specialized drilling and completion techniques. The company also fulfills its commitment to health, safety and environmental compliance to the latter.

Where Talos Energy Operates

Talos’ management and technical teams have extensive experience working in the lower Gulf Coast of Louisiana region and the Gulf of Mexico. For the past 70 years, the company improved its drilling techniques with a goal of boosting the exploration, development exploitation activities in the targeted areas. Talos also manages to be highly successful by combining modern progressions and its extensive technical expertise.

Most Recent Developments

On November 20, 2018, Talos Energy announced it managed to complete its regularly scheduled fall borrowing base redetermination. The company also stated that the borrowing base under its bank credit facility increased from $600 million to $850 million as of November 16, 2018. The next scheduled borrowing base redetermination is likely to be on April 30, 2019.

Talos announced on October 17, 2018, its transaction with Hokchi Energy, S.A. de C.V., which is a branch of Pan American Energy LLC. The deal aims at cross-assigning Hokchi’s Participating Interest (PI) in Block 31 and Talos’ PI in Block 2. Talos also looks forward to working with Hokchi on exploring the Sureste Basin offshore Mexico.

Talos will assign a PI of 25 percent in Block 2 to Hokchi in exchange for a PI of 25 percent in Block 31. Consequently, Hokchi will operate both blocks while Talos will own a 25% PI on Block 31 and a 25% PI on Block 2. The National Commission of Hydrocarbons (CNH) approved the transaction.

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