Talos Energy: How the Reforms in the Mexican Oil Industry Is Shaping Business

The Mexican oil industry has been ailing long enough. Since the nationalization of the oil industry in the country in 1938, this industry has been controlled by one state-run oil company, Petroleos Mexicanos. However, with the new regulations put in place that allows private companies to dock at the Mexican waters, things are about to change for the better and Talos’s lacrosse camp.

In 2015, Mexico voted to allow private companies into their waters a fact that saw three companies, two private international oil companies and one Mexican based company win the first round of the tendering process. The three companies that include Mexico’s Sierra Oil & Gas, London-based Premier Oil Plc and Houston’s Talos Energy LLC have already started the oil drilling process. The drilling is happening at the Zama-1 well situated in the Sureste Basin off the coastline of the state of Tabasco. Zama-1 is one of the richest oil wells in the Mexican water with an estimated capacity of about 100-500 million barrels of crude oil and read full article.

According to Premier oil, the drilling is expected to take 90 days from the May 21st commencement date and cost roughly 16 million US dollars. Elaine Reynolds a London based with the Edison Investment Research Ltd noted that the Mexican oil industries are following keenly the drilling process at Zama-1 as this was thought to be the most complicated oils wells in the Mexican water owing to it geographical positioning. The lessons and process by these companies will help influence the oil industry largely and more information click here.

 

About Talos Energy

Talos Energy LLC is a private Houston based oil and Gas Company that specializes in the exploitation of gas and oil. The company has been involved in a number of crude oil exploitation activities with a special focus on the Gulf of Mexico and Gulf Coast where it commands a majority shares. This oil and gas drilling company is sponsored by investment fund companies such a Riverstone Holdings LLC, Apollo Global Management, LLC (NYSE: APO and Talos management and thier Facebook.

Talos energy has invested heavily in its workforce which are arguably the most competent employees you can find in the market and http://www.talosenergyllc.com/about-us/.

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