Talos consortia only Round One winner

The Talos Energy, Sierra Oil & Gas, and Premier Oil joint venture was the only winner at Mexico’s historic Round One, in which the consortia was awarded two blocks.

Map of Blocks 2 and 7. From Premier.

Blocks 2 and 7 contain numerous leads in established and emerging plays, located in the shallow water Sureste basin, a proven and prolific hydrocarbon province in the Gulf of Mexico.  

Both blocks contain Tertiary clastic plays, typical of the Salinas sub-basin.  The forward plan is to acquire, evaluate and reprocess 3D seismic data with a view to firming up drilling locations towards the end of 2016. 

“We are very pleased with the outcome of this round which provides Premier with a low cost entry point to emerging plays in a proven oil and gas province,” Tony Durrant, Premier chief executive said.

Talos is the operator of the consortia with 45% interest. Partners Sierra Oil & Gas holds 45%, and Premier holds 10%.

Premier can elect to participate in the drilling program at an equity interest of up to 25%.

Current News

Beacon Offshore Energy Begins Production US at Shenandoah Field

Beacon Offshore Energy Begins

Harlyn Solutions Expands Market Scope with New Dutch Base

Harlyn Solutions Expands Marke

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

PTTEP Acquires Southeast Asia’

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Valeura Energy, PTTEP Partner

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine