Talos Energy referred to as the number one small company operating within the petroleum industry only a year after its establishment in 2012, has continued its success after the discovery of an offshore oil well in Mexican waters earlier this year. The company is joined by two other; Sierra Oil Plc and Gas & Premier Oil, who have collectively declared that drilling will be completed with an estimate of 90 days. These companies along with Talos Energy in 2015 won the prospective rights to the well after Mexico initialized private investments in its oil industry.
Edison Investment Research Analyst, Elaine Reynolds asserts that within this occurrence of national correspondence for the first time in 80 years, the success of this joint project is highly possible. Talos Energy, as one of the leading operators, has maintained close vigilance since the drilling began earlier in May. With offshore hydrocarbon production as its area of expertise, the company’s investment and exploration of Mexico are of significant value as the task draws nearer to completion. Its innovative techniques are highly notable by its partners Apollo Global Management and Riverstone Holdings as it continues to strengthen ties with Mexico and surrounding assets.
As the first foreign petroleum business operating in Mexico, the Houston-based Talos Energy is inarguably the right management for the verging historic project that is set to produce a minimum of 100 million barrels of crude. It’s main points of business located at the Gulf Coast and the Gulf of Mexico, Talos is the energy company with the promise of growth in production according to the BusinessWire. The establishment is rated as such by its unique culture of collaboration between its own staffing in order to increase the modernization of the oil industry. They are a comparatively small company with a leading model of operations and this advance as a result of the Mexican oil reform gives them the deserving upper hand in production.