Mexico has been making several reforms in the energy market in the recent times. Several years ago, the country decided to block any foreign countries who wanted to venture into the market. However, things have changed and the state has embraced the move. The country recently announced that it had witnessed a private company sunk an offshore oil well in the great Mexican waters. This has happened after more than eight decades and more information click here.
According to close sources, the private company that has made this possible is known as Talos Energy LLC. The energy company partnered with an institution known as Sierra Gas and Oil. The two institutions have been drilling the offshore well since May. Most stakeholders in the energy department are excited about the new move. According to several sources, this is the first activity that will be carried out by a different corporation apart from Petroleos Mexicanos, a company that is operated by the state. Mexico decided to nationalize the energy department in the year 1928 and their Facebook.
The new well is known as Zama-1, and sources say that it is located in the Sureste Basin. The well is also off the famous state of Tabasco. At the moment, the well is estimated to have more than one hundred to five hundred barrels of quality crude. The experts in charge of the drilling activities have announced that the whole drilling process will take at least ninety days to complete. The professionals say that the well is going to cost the private company at least sixteen million dollars. The companies won the rights to the project in the year 2015. This happened just after the first round after Mexico had accepted to open its energy market to private corporations and contact their.
Talos is one of the most respected oil companies that are found in the country. The privately held company has been in the market for a long time, and it has done so well. The teams of experts serving in the institution have a lot of expertise when it comes to well drilling and other similar activities, and they have done their best to make sure that the consumers get the best services. These professionals are well qualified, and they have played a significant role in the success of the private company and learn more about Talos.