How Talos Energy LLC and its associates acquired a private offshore well

Talos Energy LLC and Sierra Oil & Gas are the first private companies to launch an offshore oil well in the Mexican Gulf. In the last eight decades, government corporations were the only organizations that owned and controlled offshore wells and what Talos Energy knows.

Talos Energy LLC involvement with Zama-1 offshore well

This acquisition is a significant achievement for Talos Energy LLC, Sierra Oil & Gas, and Premier Oil Plc. The Zama-1 well contains more than 500 million barrels of crude oil, and drilling is expected to commence in three months’ time. Talos Energy LLC and its business associates are expected to spend millions of dollars in this venture. Talos Energy LLC, Sierra Oil & Gas, and Premier Oil Plc acquired rights to launch this well in 2015 after winning the bid. They became the first private investors to secure an offshore well. According to Charlie Sharp, a professional who works for Canaccord Genuity, Zama is one of the newest wells and would be drilled in this financial year. Talos Energy LLC, Sierra Oil & Gas, and Premier Oil Plc have 35%, 40%, and 25% shares respectively. They are expected to make millions from this venture and read full article.

About Talos Energy LLC

Talos Energy LLC is an American-based company that deals in oil and gas. This corporation is involved in the development, production, and exploration of natural gas and oil in the Gulf of Mexico and Coast. Talos Energy LLC was formed in 2012 and is managed by Michael Harding II and Timothy Duncan who serve as the chief financial officer and chief executive officer respectively. This company has worked in collaboration with other business leaders such as Sierra Oil &Gas. Together they have been able to work on numerous projects such as exploration of Zama-1 field and Talos’s lacrosse camp.

Talos Energy LLC has continued to rebuild itself into a world-class firm that is committed to safety and environmental sustainability. This company always strives to find newer ways to operate and conquer new markets. Talos Energy LLC is committed to corporate responsibility through prioritizing on issues such as health and welfare of their staff. This aspect is what makes Talos Enegry LLC more popular among the locals in Texas. This company is compliant with the laws and regulations that govern the energy business and Talos on Facebook.

More Visit: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=183786013

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