Energy is a basic need required in ensuring that man lives in this world comfortably. Especially in the modern world, energy plays a crucial role in the smooth running of the activities undertaken in it. Almost all industries which aim at ensuring there is an improved living system in the world uses energy either directly or indirectly. As it is known, energy is a natural resource which man has changed it into different transformations to suit his need. Talos Energy, a company based in Houston, Texas plays a key role in energy production and exploration.
Talos energy was founded by Timothy Duncan (also the C.E.O) in the year 2012. This company is an independent one which is mainly focused on offshore production and exploration. The company undertakes these activities at the Gulf of Mexico and coastal shores of Mexico with the aim of optimizing its assets. Talos Energy has experience of operating in deep geophysical, geological and the basin.
Last year in July, Talos Energy in conjunction with other energy companies including Premier Oil and Sierra Oil and Gas announced the exploration and drilling of the Zama Dam in the Zama-1 filed. This field is located in the shallow waters of the Gulf of Mexico. This drilling activity eventually ended up exploring the uncovered formation of between 1 billion and 2 billion barrels of crude oil. This is one of the Talos achievements.
Being one of the leading energy production companies, Talos aims to maintain its position by upholding its excellent reputation. It has ensured this by joining hand s with Stone Energy Company which also operates at the Gulf of Mexico. The primary objective of this two company’s fusion is to optimize offshore exploration and production and maximizing its productivity. The fusion of these two companies has resulted in the formation of Talos Energy Inc.
Talos Energy Inc. Corporation consists of shares held by these two companies. Talos Energy owns 67 percent of the total shares while Stone Energy holds 37 percent of the shares. This division of assets is on the basis of individual company assets possession. Talos holds diversified classes of assets compared to Stone. Despite this difference, the merge works efficiently and produces quality products and services to its clients.
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