Talos Energy Signs Two Exploration Deals in Gulf of Mexico
September 19 2019 - 7:54AM
Dow Jones News
By Chris Wack
Talos Energy Inc. (TALO) said Thursday it has entered into two
separate agreements with BP Plc (BP) and Exxon Mobil Corp. (XOM)
related to Gulf of Mexico exploration.
The exploration and production company said it will work with BP
to drill and evaluate the Puma West prospect, located in
Talos-owned Green Canyon Block 821, in the fourth quarter of
2019.
Talos said it will retain a 25% working interest in Puma West
with operator BP holding the remaining interest. The initial
exploration well is expected to be spud before the end of October,
using an ultra-deepwater drillship.
The prospect consists of sub-salt, Miocene target zones believed
to be similar to the prolific Mad Dog field located less than 15
miles from the proposed well location.
Talos also said it has acquired from ExxonMobil the Hershey
prospect, located on Green Canyon Blocks 326, 327, 370 and 371.
Talos said it has acquired a 100% working interest in the
Hershey prospect, and will become designated operator of Green
Canyon Blocks 326, 327, 370 and 371, which constitute 23,000 gross
acres.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
September 19, 2019 07:39 ET (11:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Apr 2023 to Apr 2024
