Talos Energy Has Hit The Ground Running In The Mexican Oil And Gas Industry
The oil and gas industry is one of the most profitable sectors of the global economy. Many enterprises have ventured into the oil and gas market, but only a few such Talos Energy manage to survive in such a competitive and dynamic field. Talos Energy is a privately held oil and gas exploration firm that is headquartered in Dallas, Texas. The company focuses on acquiring assets within or without the Gulf Coast and the Gulf of Mexico. The company then exploits the resources for the sole purpose of asset optimization.
Talos Energy has made a significant entry into the Mexico oil market. This development comes after the State of Mexico decided to open up the oil and gas market to other players. This move aims at improving the ailing this sector that has slowed down.
For a long time, the oil and gas industry in Mexico was State-run. Recently, the Mexican government decided to liberalize this sector as a measure of reviving an otherwise ailing industry.
Talos Energy together with two of its partners are poised to reap big from the oil and gas industry in Mexico given that the three firms under a joint venture have begun to drill the first offshore well in the Sureste Basin off the Tabasco State. The well that was named Zama-1 is expected to yield between 100 million and 500 million barrels of crude oil. Works at Zama-1 are scheduled to be completed in the next 90 days.
Talos Energy is revered as one of the small companies in the energy sector that have created the best workplace for their employees. The firm, a brainchild of Tim Duncan together with his business partners, was named as one of the best Workplaces by Workplace Dynamics.
According to Tim Duncan, Talos Energy has managed to rise the corporate ladder because the enterprise strives to ensure that all its employees from the office secretary to the geoscientists acquire a piece of the firm. Some of Talos Energy’s stake is held by its employees. This strategy coupled with a rich enterprise culture has helped propel Talos Energy to the level it has reached as a business.