HOUSTON, April 13, 2021 / PRNewswire / – Talos Vitality Inc. (“Talos” or the “Firm”) (NYSE: TALO), in addition to subsidiaries of bp plc (“bp”) and Chevron United States Inc. (“Chevron”) (collectively, the “Co-House owners”) at present introduced profitable drilling outcomes from the Puma West exploration undertaking situated in Block 821 of Inexperienced Canyon within the Gulf of Mexico, United States. The Puma West effectively was drilled to a complete depth of 23,530 toes and was designed to check the Miocene submarine sands.
Highlights:
- The Puma West effectively has met with petroleum pay in prime quality, sub-saline Miocene sand.
- Fluid properties from the found Miocene zone had properties just like these of different productive Miocene reservoirs within the area.
- The co-owners will start to plan an appraisal program that may higher outline the useful resource found. The wellbore was suspended as a retention effectively to protect future utility.
- Talos owns an curiosity in over 17,000 gross acres within the Puma West space.
The Puma West exploration prospect was assessed following the merger by bp of Inexperienced Canyon Block 821, owned by Talos, adopted by the merger by Chevron. bp is the operator and has a direct stake of fifty.0%. Talos and Chevron every have a 25.0% working curiosity. The Puma West discover is situated inside 15 miles of the prolific Mad Canine subject, operated by bp.
President and CEO of Talos Vitality Timothy S. Duncan commented, “We’re very enthusiastic about this discovery in addition to the broader potential on this space. Puma West is a main instance of the category of excessive affect catalyst alternatives nonetheless obtainable in the USA. Gulf of Mexico. Advances in seismic expertise, operational effectivity and security at these depths, mixed with an enormous obtainable infrastructure, assist a strong undertaking financial system whereas offering materials nationwide power sources to shoppers with a small environmental footprint. We look ahead to engaged on our outcomes, planning the analysis and transferring this undertaking ahead into its subsequent section with bp and Chevron. “
ABOUT TALOS ENERGY
Talos Vitality (NYSE: TALO) is an impartial, technical-oriented exploration and manufacturing firm targeted on the secure and environment friendly maximization of money movement and long-term worth via its operations, presently in United States Gulf of Mexico and offshore Mexico. As one of many United States Gulf of Mexico largest impartial public producers, we leverage many years of experience in geology, geophysics and offshore operations for the acquisition, exploration, exploitation and improvement of belongings in key geological developments current in lots of offshore basins worldwide. Our offshore actions Mexico supply high-impact exploration alternatives in an rising oil-rich basin. For extra info go to www.talosenergy.com.
CONTACT INVESTOR RELATIONS
Sergio Maiworm
+1.713.328.3008
[email protected]
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SOURCE Talos Vitality