Talos Energy is an American Company that offers its services in the Oil Industry. This means that it specializes in activities such as oil and gas exploration as well as drilling. The company uses a management team that has years of experience in the oil industry. This means that they have also specialized in the acquisition of assets in the oil industry focusing on the Gulf of Mexico. To achieve this, they use the latest technology and state of the art equipment. Talos Energy owes its existence to a company called Gryphon Exploration Co. Another company that has played a major role in the establishment of Talos Energy is Phoenix Exploration.
Talos Energy is also concerned about the environment and puts in place the necessary measures. Other companies that have played a crucial role in the establishment of the company include Riverstone Holdings as well as Apollo Global Management. To the surprise of many, the Mexican government mentioned that it would allow international companies to drill oil in the country. This was an unexpected move as the Mexican oil was nationalized 80 years ago meaning that only the Mexican government could control the oil. However, reports in Mexico say that the company resulted in these measures to rescue their ailing oil industry.
This new move has seen three companies move into the country for the project that will cost them $16 million. These three companies are from the United Kingdom, the United States and Mexico. Talos Energy is the company from the US while Premier Oil is the UK based company. On the other hand, Sierra Oil & Gas is the Mexican based company. Petroleos Mexicanos is the government owned company that has been drilling oil for the last 80 years. This new coalition will be used as a benchmark for future deals. This is according to Edison Investment which is a research company from the United Kingdom. Ownership of this deal is in the ratio of 35: 40: 25 to Talos, Sierra and Premier respectively. They will be involved in the project for a period of three months. During this period, they will drill over 100 barrels of oil.