Award for Talos Energy

Talos Energy is an oil and gas company in Houston, Texas, with operations in the Gulf of Mexico, and off the coast of Mexico. The company focuses on exploration and production especially in the shallow waters off the coast, which provides excellent exploration opportunities. Talos also focuses on production from deep water assets. Advanced modern drilling techniques and technology have greatly expanded the capacity to explore. Talos believes oil and gas will serve as energy sources for years to come, so the ability to actually reach sources that used to be considered unreachable is big news.

During the 2018 International Petroleum Summit held in London, Talos Energy was awarded the Discovery of the Year award for 2017 by the Association of International Petroleum Negotiators. This award was in recognition of an oil discovery offshore Mexico, named Zama. President and CEO of Talos Energy, Timothy Duncan called the discovery, “historic and significant,” and expressed pride at being a part of the project. Talos is the current operator of the project and has a 35% participation interest, along with Sierra at 40%, and Premier at 25% interest.

Zama was the first offshore exploration well to be drilled by the Mexican private sector, and is expected to produce up to two billion barrels of oil. Zama was drilled in water 165 meters deep, and has several unique qualities which made it such a discovery. First of all, it is a source of a tremendous amount of oil. Also, it was not as expensive as most discoveries of like size, and there was only a short time period before first production.

Timothy Duncan congratulates the highly skilled worker of his team and the Mexican personnel who worked together to make the discovery in a safe, efficient manner. According to Duncan, the discovery is a win for everyone. It leads to local jobs and revenue for Mexico, as well as making Talos Energy the first private sector operator to successfully drill an offshore exploration well in Mexico. With years of experience in the region, Talos Energy hopes to continue the success they have experienced so far.