Under the direction of President and CEO Tim Duncan, Talos Energy is a technically driven independent exploration and production company operating in the Gulf of Mexico that produced more than 16,000 barrels of oil per day last year. With nearly 120 employees, this Houston based company is committed to safely exploring and producing oil and gas for our energy needs. Duncan encourages his employees to “bring me your best ideas and don’t hold back.” This technique has created an entrepreneurial type culture at Talos Energy. As a result, they are able to use modern seismic technology on high-quality oil and gas platforms which has made Talos Energy a larger and smarter energy company. Talos Energy uses the latest procedures on a regional scale in order to optimize drilling opportunities by reducing exploration and operation risks.
According to the website, Talos Energy’s strategic position in the Gulf of Mexico represents a significant opportunity to apply seismic expertise which comes from proficiency in geological and engineering staff and innovative technology. Their technical reputation for drilling development wells and exploration wells along with a regional seismic database allows them to strategically pursue drilling projects with other operators of similar profiles but who may lack the technology, expertise or financial capability to develop and exploit the assets.
Consequently, for the first time in nearly 80 years, Talos Energy has partnered with Premier Oil Plc and Sierra Oil and Gas to drill a new offshore oil well in Mexican waters. This venture is the first offshore exploration well to be launched by anyone other than state-run monopoly Petroleos Mexicanos since the country nationalized its oil industry in 1938, and Houston based Talos Energy owns a 35 percent interest in the project. From the data obtained from the new well, it is estimated that the oil in-place is nearly two billion barrels.