Talos reports Gulf of Mexico find

HOUSTON, January 16, 2019 – Talos Energy has encountered hydrocarbons in the Tornado 3 well in Green Canyon Block 281 in the Gulf of Mexico, the US independent announced in its 2019 operating and financial guidance released on Wednesday.

The company also bought a 9.6% stake in the Gunflint asset in the Mississippi Canyon area from Samson Offshore for USD 29.6 million, the document added.

“2018 was a transitional year integrating the Talos-Stone merger, as well as other bolt-on transactions, all of which make Talos a stronger company,” Timothy S. Duncan, Talos’ president and CEO, said. “In 2019, we look forward to continuing to stabilise the business with low-risk subsea tieback projects and a shallow-water drilling programme with short cycle times.”

Duncan also commented on the company’s recent developments in Mexico, saying, “We are also looking forward to delineating our Zama discovery and testing a series of shallow-water prospects as part of our previously announced Block 2/31 cross-assignment trade.”

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