Mexico Oil Reform Advances with First Private Well in 80 Years

Talos Energy is an elliptical and prominent gas and oil company that came into operation in 2012. The company is committed to the highest level of excellence and integrity as far as oil and gas exploration matters are concerned. Talos Energy’s expertise as far as producing and the exploration of the offshore hydrocarbons in the United States Mexican Gulf and some parts of Mexico. Talos Energy was formed when Riverstone Holdings and Appollo Global Management for purchasing assets in the Gulf of Mexico and Gulf Coast regions. The company also laid its emphasis on exploitation, asset optimization, and exploration around the location of their assets. Talos Energy also has the inclusion of business development activities within the 10.2 million acres of seismic inventory to optimize its use for economic productivity.

For the past few years, the Talos Energy management has developed and sold two private equity companies namely the Gphone Exploration and the Phoenix Exploration. For the above investments, the management was happy to deliver significant profit to the investors. As a group of investors working together for more than one 10 years, this team of managers has always excelled at what they do in this industry. They have also delivered a valuable point of investment plans to their investors with significant returns in business in the oil exploration industry.

For the first time in over eight decades, the Mexican government has allowed a privately-held company to operate their business and exploration processes in the region. This is the first time such a company is seeking to enhance their business solutions in a manner that depicts better business values. Talos Energy is the first company to operate in the offshore region surrounding Mexico. Because the country found out that no other internal company could do the work Talos Energy is about to do in their waters, they have decided to allow Talos Energy operate in their waters. The water operation is a joint venture between the Houston-based Talos Energy and the London-based Premier Oil Company. The two companies have the required resources to work on this project for the next three months to complete the drilling process.

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Talos Energy and Partners Benefit From Mexican Oil Industry Reforms

Talos Energy and Partners Benefit From Mexican Oil Industry Reforms

The Mexican oil industry has seen a significant step since its nationalization 80 years ago. The country has loosened its tough policies to allow private firms engage in oil mining business, a move that has resulted into a new offshore oil well being drilled by a foreign company. The first venture since 1938 involves a collaborative effort by Talos Energy, Premier Oil Plc and Sierra Oil and Gas.

According to Premier Oil Plc, a reputable London-based mining company, the Zama-1 well has the potential to generate between 100 million to 500 million barrels of crude oil. The well, which is located in the Sureste basing off the popular state of Tabasco, will take around 90 days and a cost of $16 million to complete. The three collaborators in this project are reportedly among the first private investors to benefit from the Mexican oil industry reforms.

Elaine Reynolds, an analyst from Edison Investment Research Company, has reportedly hinted that the project shall be closely monitored by relevant industry stakeholders. Similar thoughts have also been echoed by Charlie Sharp, another senior analyst from Canaccord Genuity Ltd. Talos Energy, Sierra and Premier holds 35%, 40% and 25% shares respectively in the Zama project.

About Talos Energy

Headquartered in Houston, Talos Energy is an experienced oil and gas company and specializes in offshore exploration and production. The organization, through its collaborative approaches, boats of clear tract record that entails tangible deliverables.

Since its inception, the company has continued to grow into a reputable global oil and gas drilling firm. Talos Energy is affiliated to reputable organizations including Apollo Global Management, and Riverstone Holdings, LLC. Under innovative leadership, the firm has made significant acquisitions in the recent past in a bid to expand its operations. The firm has reportedly sealed a deal worth $620 million with Helix Energy Solutions Group in exchange for Energy Resource Technology Inc: oil and gas subsidiary.

According to Tim Duncan, the Chief Executive Officer and president of Talos Energy, the recent acquisition brings a unique addition to the organization’s asset-base. Talos’ leadership strongly believes and remains committed towards corporate social responsibility. The company offers all its employees an allowance of $500 which they can use to support any humanitarian organization of their choice. In addition, the firm organizes quarterly charitable community events intended to support the local residents.

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Jose Auriemo Neto Career and Top Managerial Roles at JHSF

Jose Auriemo Neto has continually served as the chief executive officer at JHSF for the last 14 years. He first joined JHSF Par Companies in 1993. Jose is particularly recognized in the company for coming up with the idea of services department. In 1997, he created Parkbem which serves as a parking lot management company. Between 2006 and 2014, Mr. Neto serves as the CEO at JHSF Participacoes SA and the company’s officer in the board of executives.

In 1998, Mr. Neto established and was responsible in managing shopping Santa Cruz after he obtained the rights in the shopping center department. Earlier in his career, Mr. Neto served as a member of the YPO and later assumed the role of a director at JHSF Participacoes SA.

JHSF is a prominent real estate holding company found in Brazil. JHSF is the pioneering company in prioritizing recurrent income assets that include airports, shopping malls, hotels and other premier real estate projects. Besides its local Brazilian operations, JHSF operates internationally in countries such as Uruguay and the United States of America. Since its establishment, JHSF has developed real estate projects that totals to 6 million m2 with a 2017 cumulative market value of R $1.2 billion.

JHSF was first started in 1972 by Jose and Fabio Auriemo, the two brothers and partners registered JHSF as a real estate and construction company. Following the latter split of the company, Fabio Auriemo took the helm of controlling estate market operations.

Jose Auriemo Neto is a reputable CEO at JHSF Participacoes SA, he has acquired mastery of skills in industrial management and operations. JHSF now serve as a real estate company which a critical focus on Brazilian commercial and residential properties. Auriemo now leads the company’s retail and shopping portfolio. He also heads the Bela Vista in Salvador, Cidade Jardim shopping complex in Sao Paulo, the Ponta Negra and, the Metro Tucuruvi.

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All Eyes are on Talos Energy, the Operator of the Zama-1 Well

The Mexico’s oil sector is witnessing an increased activity courtesy of foreign firms such as Talos Energy and Premier Oil that were just recently allowed to operate in the country’s oil and gas industry. In 2015, Talos and Premier won rights to prospect for oil in the shallow waters of the Gulf of Mexico. The two firms together with Mexico’s Sierra Oil & Gas struck oil in the Sureste basin off the state of Tabasco.

Recently, Premier Oil announced that the three firm, in a joint venture, would drill a well, the Zama-1 Well, to harness the natural resource. Specifically, drilling of the well was expected to commence on May 21, 2017.Premier Oil (an independent UK oil and gas company) stated that it would take three months for the Zama-1 Well to be operational. According to the Premier’s statement, the Zama Well holds over half a billion barrels of recoverable crude oil. Although it would cost Premier $16 million to finance its 35 percent share of the project, the company is optimistic that the project will be successful owing to the structure of the basin which geologists say is common in areas with viable deposits.

The Premier’s announcement stirred analysts and investors up. Apparently, players in the oil and gas industry have adopted a “wait and see” approach; they are waiting to see how the Zama project will turn out. Elaine Reynolds, an analyst Edison Investment Research, suggests that the Zama Well draws attention because it is the first non-Pemex well to be dug in over 80 years and also because it has vast implications for the Mexico’s oil industry.

Although the Houston based Talos Energy owns a 25 percent stake in the venture, it is the operator of the well. The project is crucial for the 5-year-old private company as it seeks to build a name in the global oil and gas industry. Tim Duncan is the CEO of company.
Just one year after it was established, WorkplaceDynamics recognized Talos Energy as the “Best Workplace among Local Small Businesses.” Duncan is committed to empowering the company’s workers by offering them equity in Talos Energy.

To Learn More : www.talosenergyllc.com/about-us/