It has been a long time since Mexican allowed private companies to drill oil on their offshores. It is almost 80 years and the move to allow a private company in the oil and energy industry shows that Mexican government has allowed foreign organizations to invest in their oil and energy sector. Three oil drilling firms from three different countries joined together to drill oil in Mexico. The three oil organizations include; Sierra Oil and Gas which is a Mexican firm, Talos Energy LLC from Houston as well as a London based company Premier Oil PLC. According to a statement from Premier, the oil companies began their drilling exercise on May 21, 2017. Mexico industrialized their oil and energy industry in 1938 making the three oil organizations be the first in the country to make an offshore exploration beside PetroleosMexicanos which is operated by the government. The three firms won the rights to drill oil in Mexico in 2015 and it was estimated that the drilling will take about 90 days to complete.
Talos Energy can well be described as an International oil organization. The firm was established with a mandate of exploring, developing as well as the acquisition of oil and natural gas. The firm has been concentrating on specific regions among them the Texas Louisiana Gulf Coast, as well as the Gulf of Mexico its deep waters and shelf.
Talos Energy LLC was established in 2012 by Timothy Duncan and since then it has been under the management of Apollo Global Management and Riverstone Holdings. The oil and energy firm have their Head Offices located in Houston, Texas. Recently the group took a major step in their business and together with two other oil and energy firms they won a contract to drill oil in Mexico. Talos Energy also engages in other business activities as well as developments among them JVs and Farm-in. In these business development activities, Talos can enhance their economy as they exploit their seismic record. Talos has also been in the forefront of educating others on oil and natural gases issues by holding conferences.
Their Facebook Page: https://www.facebook.com/talos.energy/