For the first time in nearly a century, a major company has sunk a new offshore oil well in Mexico. This is a sign that Mexico is committed to letting other countries back into its energy markets. Houston’s Talos Energy LLC and Mexico’s Sierra Oil & Gas have joined forces to begin drilling in this area. It’s the first offshore operation of its kind since the early 1900’s.
Premier recently explained that The Zama-1 well holds as much as 500 barrels of crude. Premier will pay more than 15 million dollars for the 90 day project. Mexico voted to open its oil industry allowing this transaction to take place. Elaine Reynolds, an analyst at Edison Investment Research believes this well will be watched closely by the industry. Charlie Sharp, an analyst at Canaccord Genuity also thinks this will be a big deal saying “it is one of the most interesting exploration wells to be drilled in the sector this year.”
Talos Energy is an independent company focused on offshore exploration and production of oil and gas. The company is focused on gaining assets in and around the Gulf Coast and the Gulf of Mexico. Not only does Talos Energy get deepwater assets, but they specialize in using these assets along with various techniques and technologies in cutting edge way.
With more than ten years of work, Talos Energy has accumulated great success. During this decade they have created and sold two Gulf of Mexico oil and gas companies-Phoenix Exploration Co. and Gryphon Exploration Co. Furthermore they have brought great returns to their investors. Talos is a constantly growing company that is committed to bring world class service and environmentally safe operations. This company is committed to finding better ways to operate making them the most cutting edge company in their field. With such an amazing track record already, they are sure to continue their success for many more years.
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