Archive for July 12th, 2017

Talos Energy and the Zama-1 Oil Well Partnership.07.12.17

Talos Energy has been growing exponentially over the last few years. It even joined forces with a Mexican company and a European country to back in 2015 to bring a government run monopoly in Mexico after 80 years. If the company’s amazing track record, especially in how it treats its employees is anything to go by, then Talos Energy LLC is headed towards a very lucrative feature.
Talos Energy is a privately held company that has its head deep in the oil and gas industry. The company is actually just a profile company with the real players behind it being the Apollo Global Management, LLC (NYSE: APO). Talos Energy, hence, is just an affiliate of the Apollo Global Management, LLC (NYSE: APO) and benefits from their mother company through funding and management. The company is based in Houston and has already drilled and produced over 16, 000 barrels of it. It also has a consolidated human resource over 120 employees, with the advantage of being able to seek support from more of the Apollo Global Management, LLC (NYSE: APO) human resource pool.
The Zama-1 Oil Well Partnership
Talos Energy LLC was shrewd enough to team up with Premier Oil Plc and Mexican Sierra Oil & Gas to convince the people of Mexico to allow privately held entities to mine oil and participate in their energy sector. They were awarded mining rights through voting, but the deal stipulated that the drilling of the new offshore oil well would be under the oversight of the Mexican. Previously, the government had been drilling oil within their territories as a monopoly. The trend had existed for over 8o years, and the private sector was not welcome to participate due to geological concerns since most of the drilling is done under the Mexican seas.
The drilling expedition of the Zama-1 oil is estimated to take the three companies about 90 days to complete. The new offshore oil well, which is estimated to hold about 300 to 500 million barrels of oil, will present Talos Energy LLC one of the most lucrative opportunities it has ever come across. Considering just how motivated and efficient Talos Energy LLC’s employees are, the drilling is expected to be a big success.

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