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Talos Energy Major Oil Discovery

Talos Energy was formed in the year two thousand and twelve as an independent oil, gas company. The company’s expertise is to produce hydrocarbons in the United States Gulf of Mexico and offshore Mexico. Talos Energy has formed I collaboration with Riverstone Holdings and Apollo Global Management with the purpose of buying holdings in the Gulf of Mexico and Gulf coast. The assets were acquired with the purpose of exploring it and the surroundings, and optimization. The company is also involved in business development ventures that includes JV’s and Farm in’s where they utilize 10.2 million acres of inventory to polish the transaction economics. The Talos Energy management team was constituted and sold to equity-backed companies. In each instance, they delivered expressive returns to each investor. The management team, with its admirable track record, has shown resilience in using innovative techniques to develop top-notch investment opportunities. They have, for over a decade, given good results as a significant exploring and production company.

Talos Energy, a while ago, discovered two million barrels of oil in the shallow waters in the off coast of Mexico. The discovery is the first eloquent find since Mexico opened its gas and oil fields for foreign exploration. The company struck oil 37 miles from Puerto Dos Bocas at the steak of the Southern Coast of the Gulf of Mexico. Tim Duncan, the company’s President, and Chief Executive said that they will take at least four years to develop the finding. This is an important discovery, according to analysts and executives in the company. The finding has triggered interest in drilling for more oil in the border of U.S. Pablo Medina, an analyst at Wood Mackenzie research firm expressed that Zama among the 15 or 20 largest low water fields discovered worldwide in the past twenty years.

This particular discovery has been termed the most important and crucial to the struggling energy sector of Mexico. The well is located five hundred feet of water and has attained an initial depth of eleven thousand feet. This discovery is deemed to be just what is needed to lure Mexico’s need to boost investments from oil majors.

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