Talos energy is an independently operating gas and oil firm whose primary focus is directed to offshore production and exploration. Over the years since its inception in 2012, the Energy firm has been trying to expound territories in a bid to increase production capacity. The firm is growing and giving opportunities to skilled personnel who can aid with the growing demand for a human resource in data collection and research in the oil and gas industry. It is a growing favorite workplace for applicants as Talos Energy sites good working opportunities and flexible schedules to raise the quality of life. To affirm this fact, the Energy firm has been ranked top as a top workplace in Houston by the Chronicle Top Workplaces from 2013 to 2017 in less than a decade into operation.
Recently, Talos Energy announced that it would be moving on with the acquisition of a related company in the oil and gas industry. The company in question, Whistler Energy II was offered for $ 52 million. The buyout will see the Energy firm exercise rights in three blocks situated in the Central Gulf of Mexico; Green Canyon 60, Ewing Bank 988 and Green Canyon 18. These blocks sit on a 16494-acre land that should facilitate the increase of research area and production. Initially, the Green Canyon Blocks were spotted and developed by ExxonMobil a company that later rebranded itself to Whistler with an enormous production capacity that yields to more than 117 million barrels of oil. With additional production resources, the Green Canyon Blocks is thought to have the potential to do more.
In other news, Talos Energy was approved for the project on the Zama Offshores by the National Hydrocarbons Commission. The board is still going through the plan Talos hopes to move forward with the drilling operations. The energy firm hopes to have the project appraisal phase completed by mid-2019. The budget set for the appraisal phase that has been forwarded to the regulatory board stands at $ 325 million. The funds will cover for the cost of drilling wells, testing and affirming a strong foundation. Increasing massive production holds as Jason Hope’s, Talos Energy’s installation manager as the main objective currently.
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