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Talos Energy LLC is a Houston based company that is working with the Sierra Oil & Gas company of Mexico. This marks the first time in eight decades that Mexico has allowed foreign private company to drill for oil in its market. Previously, all oil drilling operations were run by Petroleos Mexicanos since nationalizing its oil industry in 1938.

The drilling location is Zama-1, which holds an estimated half billion barrels of crude oil. This operation should take approximately three months to complete. Allowing Talos Energy to compete and drill for oil was a move made by the Mexico to fix its ailing oil industry through outside, private investments. Mexico is sure to keep a keen eye on the operations, since it is part of their energy reform process that can lift the country’s struggling economy. Industry watchdogs feel the joint process has a high degree of success.

Talos has a high stake in the projects as well. They own 35 percent of the process, and will split 40 percent and 25 percent of the take with two other companies. Talos Energy is a successful oil and gas enterprise that places much of its offshore resources into energy exploration and oil production. The company acquires a large portion of its holdings in the Mexican Gulf, and the Gulf Coast. Talos Energy’s three main areas of business include exploration, asset optimization, and exploration.

Talos energy is on track to continually grow its production and reserve capabilities. Their employees are highly experienced and talented. The company also boasts an extensive seismic library. With its proven technical capabilities in the industry, Talos Energy is sure to make world wide impact and remain a major industry player for decades to come. They have the know-how, talent, and an aggressive approach in developing worldwide energy resources.

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