Talos Energy forms exploration partnerships with BP and ExxonMobil

Houston-based Talos Energy has entered into two separate agreements with BP and Exxon Mobil regarding new exploration opportunities in the U.S. Gulf of Mexico.

The company will work with BP to drill and evaluate the Puma West prospect, located in Talos-owned Green Canyon Block 821, in the fourth quarter.

Talos will retain a 25% working interest on the Puma West opportunity with BP, as operator, holding the remaining working interest. The initial drilling activity is expected to commence before the end of October using the Seadrill West Auriga drillship.

Additionally, under a separate agreement with ExxonMobil, Talos has acquired a 100% working interest in the Hershey prospect from ExxonMobil and will become designated operator of Green Canyon Blocks 326, 327, 370 and 371.

“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,” said Timothy Duncan, president and chief executive officer of Talos Energy.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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