Talos Energy

Companies join forces in carbon capture project near LNG facility.

The partnership aims to accelerate offshore CCS adoption with reliable, specialized CCS systems.

Successful sidetrack will be fast-track developed via the nearby Marlin TLP.

The Zama field was once considered the ideal result of Mexico's energy reforms that sought to bolster the country's oil and gas output by inviting private companies to participate in the energy sector.

Texas-based independent exploration and production company Talos Energy and UK-based clean energy group Storegga Geotechnologies have formed an exclusive joint venture to source, evaluate, and develop carbon capture and storage (CCS) projects along the US Gulf Coast and in the Gulf of Mexico. Areas under consideration include state and federal waters offshore Texas, L…

Once heralded as a major achievement of Mexico's energy reforms designed to entice foreign investment, control of the Zama field has been in dispute for 2 years and is now likely to be decided by industry regulators.

Pemex and Talos Energy have 120 days to decide how to share a massive offshore field that both companies claim they should operate. Failure to come to terms means the government will decide the matter.

Talos is hoping to retain its operatorship of the major discovery it made in 2017 offshore Mexico after a reserves audit confirmed the reservoir is shared between two offshore blocks.

The deal boosts Talos' 2019 production by 35%, helping the independent E&P company become one of the top 10 producers in the Gulf of Mexico.

The Quesqui field is expected to be the biggest onshore find in Mexico since 1987.