When it comes to oil & gas companies, there is a high number of these companies all around the globe. Offshore-drilling for natural resources has been around for over a century, and it brings in billions of dollars of an annual basis. This is one of the most profitable industries of all-time, but it’s also very demanding. Have you ever heard of Talos Energy? Houston-based Talos Energy works in the Gulf Coast and Gulf of Mexico regions. It is a privately owned oil & gas company that’s specializes in offshore exploration as well as specializes in production.
In 2017, the nation of Mexico opened its waters for offshore exploration. Most people wouldn’t think twice about hearing this news, but Mexico’s waters have been off-limits for any foreign companies. Throughout the years, Mexico has been dominated by Petroleos Mexicanos. This is a state-run oil & gas company, but it has monopolized the industry to keep-out any foreign entities. Fortunately, today is a new day and Mexico has allowed competitors from other countries to enter the playing field. Close to 80 years has passed since the nation of Mexico has done this, but the outcome could result in huge growth. The Sureste Basin was the point of location for this project, and it has tremendous potential. The Zama-1 well will be the weapon of choice. This is a joint-venture for Talos Energy as it will be joined by Premier Oil of London and Mexico’s very own Sierre Oil & Gas.
This extraordinary basin in the Gulf of Mexico is expected to hold up to 500 million barrels of crude oil. This company has been on the fast track to success in recent years and in 2013, the company acquired Helix Energy Solutions Group for a whopping $620 million. Talos Energy is making business moves left and right, and it’s setting new market-trends.
More details at : https://www.crunchbase.com/organization/talos-energy