Talos Energy LLC (“Talos” or the “Company”) as operator, together with its joint venture partners Sierra Oil and Gas S. de R.L de C.V. (“Sierra”) and Premier Oil Plc (“Premier”), is pleased to announce that the Zama-1 exploration well, offshore Mexico, has discovered oil. Talos holds a 35% participation interest with Sierra and Premier holding 40% and 25% participation interests, respectively.
As quoted in the press release:
“This is both a historic and significant discovery, and we could not be more proud of the highly skilled personnel from Mexico and the US who have been working together in a safe and efficient manner to make it a reality,” said Tim Duncan, President and Chief Executive Officer. “We believe this discovery represents exactly what the energy reforms intended to deliver: new capital, new participants and a spirit of ingenuity that leads to local jobs and government revenues for Mexico. We are eager to begin appraising this discovery and drilling more unique opportunities. The future is bright for offshore Mexico for years to come.”