London-based Premier Oil Plc, Houston’s Talos Energy. and Mexico’s Sierra Oil and Gas have joined to embark on a new business venture. An offshore well, the Zama-1 well, has been sunk in Mexico waters. The well is estimated to have between 100 million to 500 million barrels of crude. Drilling to completion will take an estimated 90 days. The percentages of company stake for the venture are as follows. Talos holds 35%. Sierra holds 40%. Premier holds 25%. Thus, each company has a part in the results of the drill. This appears to be a venture of promise for each of the three companies.
Talos Energy is an independent oil and gas company that specializes in offshore exploration. Talos Energy began in 2012 and has worked hard since its creation to ensure a safe and environmentally compliant outlet of production of the company product. Talos Energy utilizes innovative tools and seismic technology to explore the Gulf of Mexico.
Talos Energy is strongly involved in promoting the community. It is the company’s mission to strengthen a community that has worked to strengthen its employees. Thus, Talos Energy gives each employee a $500 allowance to donate to any community organization of his or her choosing. Furthermore, Talos Energy has events with national and local organization to promote employee involvement in the community. A few of the organizations Talos Energy teams with are Operation Gratitude, Houston Food Bank, Gulf Coast Regional Blood Center, and November. Community involvement is of great importance to the Talos Energy team.
Tim Duncan is the Founder, President, and Executive Officer of Talos Energy. He has a BS in Petroleum Engineering from Mississippi State University and an MBA from the Bauer Executive Program at the University of Houston. He is also an active member of the Society of Petroleum Engineers, IPAA, and the National Ocean Industries Association.
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