Energy production has been one of the many concerns globally. The industry is continuously finding ways to source and produce energy to provide to the public. Oil energy is one of the biggest sources of power in the world, aside from natural gas and coal. That is why many countries are making research, expeditions and advancement in finding more sources of energy to provide affordable energy options to the public.
In Mexico, some of these advances were witnessed when a joint venture of 3 companies has drilled an oil well to provide energy coming from the Mexican shores. The Houston-based Talos Energy LLC, Mexico’s Sierra Oil & Gas, and London-based company Premier Oil PLC have joined forces and started drilling in one of the areas in Mexico’s shoreline. It is considered to be the only private-run venture, other than the government-contolled monopoly Petroleos Mexicanos since the industrialization of the oil energy in 1938. This will bring back competition to the oil industry in the country and will allow foreign investors to step in the market to allow more resources to advance the ventures, and fund similar projects.
Talos Energy is one of the companies who joined in this project. Headed by Tim Duncan, Talos Energy hopes to advance oil energy harvesting in the most lucrative spots. Even as a small business, it has grown tremendously in 2011 due to their strategical investments. Additionally, the company also completed the acquisition of Energy Resource Technology. Duncan with his allies have initially started Talos Energy with $600 million equity. The assets obtained from the Gulf of Mexico have soared, and produced over 16,000 barrels of oil per day in the previous year.
Being an independent oil and gas company, Talos Energy is primarily focused on exploration and usage of areas specifically in the Gulf Coast and Gulf of Mexico. They believe that innovation is key, and their company puts a prime on new ideas which produce significant result, which ultimately improves their shareholder’s assets. Along with this, Talos Energy upholds its values in specialized drilling techniques that lessens hydrocarbon damages in the environment. They also ensure their commitment to safety and health of their employees, as well as providing full compliance to environmental standards.
For more information about Talos Energy, you may visit http://www.talosenergyllc.com.