Talos Energy recently announced, in connection with its partnerships with Premier Oil Plc and Sierra O&G Exploración y Producción S. de R.L. de C.V. that the 2017 Zama discovery offshore Mexico received the “Discovery of the Year” award. The honor was handed out by the Association of International Petroleum Negotiators (AIPN). The Zama-1 discovery well was the original offshore exploration well to be drilled in Mexico and should bring about 1.4 to 2 billion barrels of oil. The operation did not cost as much as other operations of its size and is expected to yield results much sooner than most discoveries of its kind.
The AIPN nominations committee had to work very hard to pick out a winner for the award and Talos was among other companies including Hess and Nexen and ExxonMobil to be nominated. Timothy S. Duncan, president and CEO of Talos Energy, commented on the discovery by calling it historic. He went on to remark that the award indicates the true success of the Mexican energy reform policy and expects it to continue to attract more money and jobs for locals. He finished his statement by saying how proud he was of his company for all of the work it had done to make the discovery possible.
In 2015, Talos Energy partnered up with Premier and Sierra to execute a pair of production sharing contracts with the National Hydrocarbons Commission. These were Block 7 and Block 2, and they were awarded to the partnership during the time when Mexico was opening up its natural gas and oil fields for the first time in more than eight decades. The Block’s are based in the Sureste Basin, which is located off of the coast of the nation’s Tabasco and Veracruz states. Between the two Blocks, there are more than 160,000 acres, and there are plenty of high impact prospects there.
Talos Energy is headquartered in Houston, Texas and has operated for many years in the oil and gas industry. It is an independent production and exploration company that works within the Gulf of Mexico and the United States. The main goals of the company are to acquire, exploit, and develop gas and oil in shallow and deep waters.
We can write a whole lot of articles, features and executive profiles of the people that make the operations of Obsidian Energy possible, but we already have enough of that. What you probably need to read right now is the news that has been happening to the company ever since it started its operations.
The Common Share Consolidation Plan
It can be reviewed in the official website of Obsidian Energy that the 2017 Financial and Operational Results of Obsidian can already be publicly read and assessed for anyone’s portfolio and asset management. The company is pleased to announce these records and is proud that they’re able not just achieve such results, but also offer an outstanding level of achievement that would not have been possible without the concerted efforts of their staff, upper management and supporters.
The reports are dated March 6, 2018, and it contains all the audited financial information that would be relevant for any investor who wishes to be part of Obsidian’s growth. The report also revealed that despite the challenging environment under which Obsidian operates, it still has been successful in upending and underpinning all the needed issues that would be able to help recover the shallow decline cash flows that the business experiences.
It is also in this official record that it can be analyzed how high the growth of Obsidian’s production in terms of Boe per day calculations. Their solid execution must have been the only driving factor to make this otherwise prediction into a tangible reality. There’s also a consistent production delivery reported by the company, providing an operational momentum that would have been impossible if it weren’t for such a high-performing workforce that Obsidian employs right now.
The Future of Obsidian
Obsidian Energy has been a leading Canadian oil and gas production company for quite some time now. The challenge of the company is to adapt to the future needs and demands of the energy business. It has to be able to address the concerns needed to operate economically and responsively. It also has to address some of the risks, tragedies, and challenges that one has to consider when one wants to be still operating in the energy industry after all the new changes today. The company was at the apex of its success and was even among the sixty most prominent firms in the Toronto Stock Exchange and was also a Canadian Royalty Trust (CANROY).
See This Page for related information.
If you need a new fuel company, you have a lot of choices available to you to make it easy and quick to get exactly what it is that you require. This is why a lot of people have made the decision to go with Obsidian Energy. Obsidian Energy, then known as Penn West, is one of the leading fuel producers in the world, and this is why so many individuals, families and corporations have put their trust into Obsidian Energy over the many years that it has been in business. If this sounds like something that you would benefit from yourself, it is time for you to think about choosing Obsidian Energy and knowing that they are the right company for you.
The great thing about Obsidian Energy is that they offer their products at affordable prices, which means that you’re not going to be spending an arm and a leg just to get what it is that you’re going to need. Once you make this decision to switch to a better company, it is all about getting the help that you need and knowing that this is a company you can trust. Obsidian offer high-quality options that are not going to cost a lot of money and provide you with the fuel that you need to power either your home or your business.
Obsidian was even among the sixty most prominent firms in the Toronto stock Exchange and was also a Canadian Royalty Trust (CANROY). The company has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff.
If you would like more information about Obsidian Energy and how they offer their products, it is a good idea for you to contact them and find out more. You will then be able to get the products that you need and know that you’re doing something that is going to help a lot. You will then be able to sign up for delivery and know that you are doing something that is unlike anything else that you might have done in the past. Be sure to take a look at the Obsidian Energy site to learn more about what they are doing and what else you need to know about the different options that are there for you to choose according to what you are going to be able to afford. View More Information Here.