Talos Energy Earns Mexico’s Approval To Work Ocean Tracts

Talos Energy is a small publically traded firm which operates in the offshore oil and gas industry. They prefer to work offshore because while the risks are higher so are the rewards. They operate in America’s part of the Gulf of Mexico and were the first foreign company to be approved by Mexico’s government to explore and drill for oil and natural gas in their share of it.

Mexico’s state-owned energy firm is Petroleos Mexicanos, or Pemex as it is most commonly referred to as. In late September Talos Energy signed and a pre-unitization agreement with Pemex which entitles them to work as the leader of Block 7 Consortium. Along with Sierra Oil and Gas and Premier Oil, they will be able to work certain tracts in Mexico’s waters like the Amoca-Yaxche-03 allocation as well as the Block 7 production sharing contract.

This agreement is the first of its kind to ever be signed with Mexico’s government. Mexico recently reconstructed their legal and regulatory framework in regard to oil and gas exploration production as a way to produce more of these natural commodities. This agreement was pre-approved by the Ministry of Energy and so has cleared all hurdles.

Talos Energy is an up and coming firm that has become well known in the Houston area as a great employer. They are one of the Houston Chronicle’s Top Work Places for the last six years running. They have 132 employees in Houston who score this company pretty high on the Indeed website.

The employees of Talos Energy had given their company almost 4 stars for work/life balance. The score highest, at 4.5 stars, for compensation and benefits closely followed by giving firm’s management a collective score of 4.4. In the job security and advancement category they earned 4.1 stars and in the culture category they earned a solid 4.2.

94 percent of Talos Energy’s employees approve of the CEO’s performance as they find him to be respectful of them and is taking care of people at this company as he recognizes all that they contribute. Great pay and great benefits are what is most often mentioned in reviews.

To Read More Click Here

Leave a Reply

Your email address will not be published. Required fields are marked *