Talos Energy to Participate in the Drilling of the First Private Oil Well in Mexico in Eight Decades

Talos Energy is a prominent company that deals in the exploration of sophisticated crude oil in Mexico and some parts of the U.S. The company is dedicated to working hard to find solutions to oil problem that face most countries in the world. For over seven decades now, Talos Energy has been exploring oils with the aim of finding a lasting oil solution for many countries worldwide. As a result, Talos Energy considers itself in front of others in terms of better business management abilities to instigate practical working solutions for countries looking to explore oil both inside and outside the U.S.

More about Talos Energy

For the first time in more than eight decades, a private company going by the name of Talos Energy is in the process of sinking an offshore oil well in the Gulf waters of Mexico. The Mexican Gulf waters border the U.S. from the south. This new reform by the Mexican government is aimed at allowing investors from foreign countries to Mexico. In a joint venture between the Premier Company, Sierra Oil and Gas Company, and Talos Energy, the drilling process has commenced in the Mexican Gulf. The oil discovery marks a great success for the energy reform of Mexico enacted back in 2014. Moreover, the discovery has opened Mexico’s gas and oil industry to foreign investors for the very first time since the 1930s.

Talos Energy is looking forward to beginning the drilling of the Zama-1 well. It is estimated that the well will be in a position to produce over 500 million oil barrels once the drilling is complete. This necessitates the need for a joint venture that will put in place measures to adopt the enormous amount of petrol in a way that portrays apt leadership skills in the sector. Talos Energy is expected to take not less than 90 days to complete the entire drilling process. According to reports published by the company in business journals across the U.S., the whole drilling process will cost $16 million. In 2009, the three oil drilling companies were allowed to begin drilling in a joint venture approach.