Talos Energy – Focusing on Oil Drilling and Exploration in Gulf Coast and the Gulf of Mexico
The energy market in Mexico has been growing fast in the past few years after the discovery of oil reserves in its coastal waters of Gulf of Mexico. Pemex, a Mexican oil, and gas company have been the primary and the only oil and gas explorer in the country for many years. However, the energy reforms put in practice recently by the Mexican government has allowed the foreign oil drilling companies to start exploration and drilling in the Gulf of Mexico as well.
Recently, a joint venture was signed between the Mexico’s Sierra Oil and Gas, Talos Energy of Houston, USA, and Premier Oil of London, UK, to drill in the Gulf of Mexico. The exploration of such kind is the first to happen in the county, where the government runs Petroleos Mexicanos had helped monopoly for oil and gas exploration for many years. In the last few years, the oil industry of Mexico has been going through tumultuous time, and the industry closely watches the reform movement by the government. The first exploration is being done by the Premier Oil in the Sureste Basin, where it is estimated that around 100 to over 500 million barrels of oil in crude form may be present.
Talos Energy, a privately owned oil firm based in Houston is among the fastest growing companies in the sector. In a recent move to consolidate its position in the market, Talos Energy acquired Energy Resource Technology GOM Inc, which is a subsidiary of another famous oil company; Helix Energy Solutions Group Inc. Talos Energy is focused on oil and gas exploration in Gulf Coast as well as the Gulf of Mexico. Talos Energy is funded by various investment funds, such as from Riverstone Holdings LLC, Apollo Global Management, and Talos Management.
Talos Energy’s primary focus is to acquire assets in and around Gulf Coast and the Gulf of Mexico and optimize investments through exploration, exploitation and asset optimization. The company has partnered with many local and international firms in the past few years to achieve its long-term objectives and consolidate its position in the industry. It is also considered to be one of the best small companies to work in the United States.