Talos Energy, a company which focuses on drilling oil off the shores of the Mexican coast. It is headed by Tim Duncan who is the Chairman of the Company. This company has discovered barrels of oil along the Gulf of Mexico, and they say that it will take them at least four years to finally drill the oil considering the depth, 11,000 feet. They are planning a good strategy that will ensure that their drilling will be achievable. This is by getting the necessary resources needed. Based on the plans, the company is expected to benefit immensely from the oil.
Talos Energy is located in Houston, United States of America and it is thriving in the oil business under the management of their Commercial manager called Ash Shepherd. He has helped the company realize its goals through networking with other oil producing companies.
These other companies include Premier Oil located in London and Sierra Oil & Gas in Mexico. The private association of these companies has discovered the shores along the Gulf of Mexico which is very rich in oil. These shores can be exploited by any other company but Petroleos Mexicanos which a public government-owned oil industry that has monopolized its operations over the years.
The drilling is expected to commence in three months as stated by Premier Oil Company. This is because they still need enough time to gather resources and qualified personnel who would help in exploring the depths of the ocean where the oil rests. The trio legally earned the permission to this drilling back in 2015 when Mexico decided to welcome private investors in the oil industries.
One of the most important locations to be explored is Sureste Basin which harbors the Zama-1 well. This well is the core of the drilling mission as it has over 500 million vessels of crude oil. This undertaking is promising to be a success considering the experienced analysts who are a driving force behind this multi-million dollar project. They assured the three companies that their prospect will be a success and it will help bring more revenue to the industries.