The Mexican oil industry was nationalized almost 8 decades ago, and for a long time, the only company that drilled oil in the country was Petreleos Mexicanos (Pemex), which is run by the Mexican government. However, the industry’s poor performance led to the country allowing private investors back into the industry about 2 years ago. Private oil drilling in Mexico finally began in May 2017 and what Talos Energy knows.

The three companies involved in this 3-month venture are Talos Energy LLC, which is based in Houston; Sierra Oil & Gas, which is based in Mexico; and Premier Oil PLC, which is based in London. The companies expect to drill between 100 and 500 million drums of crude oil from the well, which is known as Zama-1. Industry analysts expect the project to be very successful because of the Sureste Basin’s structure, which is where the well is. The well is operated by Talos, whose stake in the project is 35%. Premier Oil PLC and Sierra Oil & Gas hold 25% and 40% of the stake respectively and their Facebook.

 

About Talos Energy LLC

Talos Energy LLC is an oil and gas drilling company that was founded in 2012 by Tim Duncan and a handful of other entrepreneurs. Its main areas of operation are the Gulf Coast and the Gulf of Mexico. Although it has been in the industry for less than 5 years, the company has an excellent track record and this is because of its unique mode of operation and more information click here.

Talos was named one of the best places to work in Houston by Workplace Dynamics. This is one of the reasons why employees of the company are so motivated and committed to the company’s goals. Every employee of Talos owns a stake in the company, and this keeps them focused on the company’s long-term performance since it ultimately affects the value of their shares. With such excellent strategies, Talos is expected to perform even better in the coming years and Talos Energy’s lacrosse camp.

 

Conclusion

The decision to allow private oil investors in Mexico was a good move, and is bound to have a profound effect on Mexico’s economy. Talos Energy LLC, Sierra Oil & Gas and Premier Oil LLC have set the ball rolling and more private investors are expected to sink wells along the Gulf of Mexico. Other countries with struggling oil industries can borrow a leaf from Mexico and http://www.topworkplaces.com/frontend.php/regional-list/company/chron/talos-energy-llc.

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