An independent oil and gas company, Talos Energy received the award for the Discovery of the Year 2017. The company is located in Houston and is dedicated to providing quality services and products to its clients. Talos Energy Group is an expert in sealing acquisition agreements for developed and operated shelf deepwater resources in the Gulf of Mexico. After an acquisition, the oil and gas products and services provider employs its highly-advanced techniques to explore, exploit and optimize those assets. Talos’ management team comprises of individuals who have a cohesive passion for working together for the well-being of the entire firm. This organization has been in operation for over ten years now, and it has achieved a track record of remarkable results.
Talos won the Discovery Award of the Year 2017 following the great achievements that it acquired in the year 2017. The company received the honor during the WoodMackenzie’s yearly exploration award celebrations in June 2018.
The award was accorded to the firm following its Zama oil discovery offshore Mexico that it achieved in July 2017. The invention was the first offshore exploration well that has ever been drilled by a private entity in the history of Mexico. Zama discovery well is estimated to be holding an oil capacity of between 1.4 to 2 billion barrels of commercial oil equivalent. Therefore, Zama fits to be placed as the most significant discovery of the year considering the amount of oil that is expected to be produced from the well.
In a press conference on May 7th, Timothy Duncan, who is the Chief Executive Officer and President of Talos Energy termed Zama find as a historic and significant discovery in the whole nation.
Talos Energy Company claims 35% of the discovery’s interest share while its two partners Premier Oil and Sierra Oil and Gas hold 25% and 40% interest share respectively. The three partners are set to make Zama Well an excellent resource for them and the entire of the country.
The award depended on over 200 votes from experts and senior business owners and managers who voted for the most amazing discovery of the year 2017.