Mexico has sounded the alarm to foreign interests when it comes to offshore oil drilling. The country has very recently allowed a private company to place an offshore oil rig off of the coasts of the country, something that has not happened in almost 80 years.
The joint venture takes place between three well-known private companies, those being Talos Energy, Premier Oil, and Sierra Oil & Gas. This is the first time any company has been able to explore for oil since the country nationalized its oil markets and all oil explorations were done by the state-run Petroleos Mexicanos.
The bidding was won by the three companies back in 2015 and they are just now beginning to do the work. One of the companies, Premier Oil, estimates that there is up to 500 million barrels of crude oil located at the drilling site. The job will cost each participating company roughly 16 million dollars and more information click here.
The undertaking has drawn keen from other companies in the oil industry due to the novelty of private companies performing such work in Mexico. Industry experts forecast a successful venture to the geographic location and the structure of affected basin and what Talos Energy knows.
Talos Energy is one of the young up and coming companies in the oil industry. At last count, the company was producing just over 16,000 barrels of oil per day in its Texas reserves and was voted the best company to work for by industry watchdog group Workplace Dynamics. Talos Energy may very well be the future of how oil drilling companies are operated and Talos Energy’s lacrosse camp.
Talos Energy focuses their business on the exploration and exploitation of oil that are found mainly in the Gulf of Mexico, although they are branching off into other geographic locations such as the aforementioned Mexican reserves off of the state of Tabasco. They have recently acquired a subsidiary of Helix and are in the process of looking to purchase more subsidiaries to expand their market share as well as their global reach. With the capital they have acquired, this should be no problem at all and https://www.crunchbase.com/organization/talos-energy.