According to the article published in the WorkBoat.com, for the first in more than seven decades, a firm that is privately owned sunk an offshore oil well that was new in the Mexican waters. That was the most innovative move in the nation’s drive to let a foreign competitor make comeback in its energy markets.
Various oil companies have partnered and started to drill the well on May 21. They include the Premier Oil Plc (based in London), Sierra Oil and gas (based in Mexico), as well as the Talos Energy LLC ( based in Houston). That is according to the statement recorded by the Premier. Note that that was the first well that is an offshore assessment to be launched by the state-managed monopoly company called Petroleos Mexicanos from the time state municipalized its oil industry, which was in 1938.
As per the Premier’s reports, the Zama-1 well that is situated in the Sureste Basin in Tabasco has an estimated of 100 million containers of crude oil. According to experts, the drilling process is anticipated to take up to three months to complete, and the project will cost $16 million. The three oil firms were granted the project in 2015. That was during the first round of behest after Mexico decided to offer its collapsing oil business to the private sector.
Given that that was the first well that is non-Pemex that has been drilled since the launching of the waters of Mexico as part of the energy reform procedure of the state, the well is going to be inspected by the industry. Note that the impeccable structures of the basin indicate that the project has an extraordinary ecological chance of success. Since there is some implication in the Mexican market, Zama-1is one of the most exciting wells that are an exploration to be drilled this year.
About Talos Energy
Talos Energy LLC is a privately owned upstream oil and gas firm that focuses on the survey and the exploitation of oil and gas chattels with a major concentration in the Gulf of Mexico and Gulf Coast.
The oil company enjoys financial support from investment funds associated with the Apollo Global Management. The headquarters of Talos Energy LLC is located in Houston; this is the company that is mandated to operate the Zama well where it owns a stake of 35% in the project.
To Know More : www.facebook.com/talos.energy/