Mexican oil reform has taken a positive step forward with eight new wells that have caused them to make history. It is the first oil well chain to be ran and monopolized by an offshore company, rather than, the state. This marks their first private well in almost a century. Drilling is expected to take about 90 days and could cost an upwards of $16 million dollars. Talos Energy is up for the job and has been contracted to perform the digging. This the first time Mexico has opened their territory to private investors. An ailing oil industry is the main reason behind exploring new options to progress the Mexican oil industry. They have fought to gain a position in a very competitive oil industry.
Talos Energy has been in the business for well over 50+ years. Talos will own and operate the well and have 35% interest staked in the Mexican deal. They are looking to produce up to 500 million gallons of crude oil. Talos is a well known independent oil and gas company headquarted in Houston, Texas. Their expertise lies in offshore production, as a quality and noteworthy LLC. They continue to serve the energy needs of the local Houston area. Their mission is an integrative approach to energy-efficiency. Talos is committed to creating the most energy as possible with quality and affordability for their customers. The savings are actually passed down to their customers for a personalized solution to the rising costs of energy. Click here to know more about Talos Energy.
They are ready to set the industry standard in affordable energy. Talos has reduced the cost of producing and distributing mass energy. Local customers enjoy reliable service while Talos is also able to take on big offshore accounts. Talos Energy has literally struck oil with a significant find 37 miles off the southern border of Puerto Dos Bocas. They’re a private company owned and operated by Apollo Global Management and Riverstone Holdings. When you’re ready for huge offshore, eco-friendly drilling, Talos Energy is the one to call.