Talos Energy Makes Billion Dollar Discovery In The Gulf Of Mexico

Talos Energy has been making large strides in the energy and oil market recently. The company recently announced a partnership with Mexico’s Pemex that is set to begin in the coming year. The partnership is aimed at the discovery of a more lucrative gas and oil opportunity through a series of drilling projects. This partnership comes just a year after Talos Energy through their Zama project made a discovery of a major oil deposit while drilling for shallow water in the Gulf of Mexico. The company made an oil discovery that could potentially hold more than two billion barrels of oil and more than eight hundred billion in reserves that are yet to be discovered. The partnership is meant for the discovery of these untapped reserves. Pemex has also set out on solo ventures to discover wells and share data with other companies like Premier Oil of Britain, Sierra gas and oil in Mexico a Talos energy in the United States that are al, part of the consortium that is working on this project. This is quite the major deal for Talos Energy which has been in the industry for just six years.

About Talos Energy

Talos Energy is a public company in the oil and gas industry that was founded in the year 2012. The company does exploration, production, and development of oil and natural gas properties. The company has its headquarters in Houston, Texas but does most of its exploration in the Gulf Coast as well as the Gulf of Mexico. It took around six hundred million dollars to launch the company. This money was provided by the Apollo Global Management and Riverstone Holdings to Timothy Duncan who established the company. The success of the company is credited to the team of highly experienced management and the fact that the company has been able to adapt cutting-edge techniques and technology that are both innovative and seismic. The management of Talos Energy also boasts of the development of other companies in the industry like Phoenix Exploration and Gryphon Exploration both of which explore in the Gulf of Mexico like Talos Energy.

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