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Talos clinches Gulf of Mexico deals with BP, ExxonMobil

Talos Energy has struck deals with BP and ExxonMobil covering new exploration opportunities in the US Gulf of Mexico.

Houston-headquartered Talos will work with BP to drill and evaluate the Puma West prospect in Green Canyon Block 821 in the fourth quarter of 2019.

Talos will retain a 25% working interest in Puma West, with BP, as operator, holding the remaining working interest.

The well will be drilled using the Seadrill West Auriga ultra-deepwater drillship.

And Talos has acquired 100% of the Hershey prospect — located on Green Canyon Blocks 326, 327, 370 and 371 — from ExxonMobil.

Talos believes Hershey may contain oil-weighted, gross unrisked resources of 100 – 300 MMBoe

Talos chief executive Timothy Duncan said: “Our strategy of leveraging deep technical expertise across our extensive seismic database and our growing infrastructure footprint is applicable to both the acreage we acquire and control as well as to third party acreage where we can execute on new opportunities.

“As these transactions prove, Talos is well-positioned to continue unlocking material resource opportunities in our basin through multiple creative business development avenues. We are excited to add these two significant, oil-weighted prospects to our portfolio.”

 

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