Mexico’s energy market was nationalized back in 1938 and many countries were denied access into this market. This condition has lasted for nearly 80 years. As of 2017, the Mexican government is now allowing some countries to produce energy within their nation. Many energy companies are trying to get in on the act. However, Talos Energy has managed to take advantage of this opportunity.
Talos Energy is a U.S. based energy company that is headquartered in Houston, Texas. This company was established in 2012. Talos specializes in the exploration, development and production of energy products such as oil and natural gas. They primarily along the Gulf Coast and the Gulf of Mexico.
The company has seismic technology which helps to find wells and places for potential projects. Talos Energy also partners with other companies and provides them with seismic technology applications. This way, they can maximize their drilling procurement strategies and expand their ability to obtain larger quantities of energy.
Currently, Talos is involved in a partnership with Sierra Oil & Gas and Premiere Oil Plc. Sierra Oil Plc is an energy company from London, England. Sierria Oil and Gas operates from Mexico. This partnership is the first time that any outside energy company has been allowed to operate within the country since Mexico stopped all foreign fuel procurement.
There is a well called Zama-1 that is situated in the state of Tabasco. This particular well supposedly contains between 100 million and 500 million barrels of oil. Talos and their energy partners estimate that it will take 90 days to complete. Talos Energy is looking forward to this opportunity to work within Mexico’s energy market.
Each of the three companies involved within the partnership had won the rights to procure energy back in 2015. They had successfully bided on the project and won. Each energy developer is now operating overtime trying to pull the crude fuel from the well. The Zama-1 drilling project has been given good ratings by energy procurement experts. Many people within the industry expect this well to be productive and financially viable. Talos Energy is expected to work this venture until the project is complete.
The Mexican oil company Cotemar, is far from traditional in its ideology and is ready to embrace the move to renewable energy joining other biggies in the game like Sierra Oil, Diarqco, Renaissance Oil and Nuvoil. On the off chance that this can be accomplished, Mexico can rectify the harm done as a consequence to the capping in production of Cantarell, which prompted to oil generation diminishing by 1 million barrels a day. The Challenges Cotemar will confront are cooperating with opponent organizations, figuring out how to contend in a new market, reduction of wasteful processes, improvement and tidying up of their records. Cotemar will eventually require to arrive at an agreement regarding the land to be acquired from past proprietors who are accustomed to figuring out social requests to ticks, similar to the case in Veracruz. Different organizations are anticipating control related resolutions. Different concerns which will come in the method for accomplishing this are the organized criminal related wrongdoings and robbery of capital. However, in spite of the chances, the energy area in Mexico is particularly working towards this collective revolution, something which will help the country develop colossally. The Energy Secretariat recommends that if the organization collusions pass the fourth round of thorough trials towards capability, additionally referred to as the deepwater Trion field; this stage may get investments to the tune of $45 billion.
Cotemar is an organization that has spent significant time in the offshore sector of oil services and administrations, adding to the general gas and oil industry creation. This is done utilizing the most proficient of procedures which are actualized by pioneers in the innovation business and individuals with an extraordinary hard working attitude. Their vision is to assume a part in bettering the creation and interest of the organization in the more current organizations in the oil business, both locally and on a worldwide scale. They are upheld by an armada of the most up to date era of vessels and the most recent advancement in working procedures. Established in 1979 in its ability as an administration organization to the energy division, Cotemar rapidly developed into the biggest seaward specialist co-ops in the gas and oil industry in Mexico, getting its claims to fame to the Petroleos Mexicanos oil and gas based operations and administrations.
Cotemar makes a point to treat its people appropriately, with its offshore cooking and facilities surpassing all expectations. The host of administrations are cleaning of the basic territories, clothing, bedding administrations and great nourishment on rigs and other vessels kept running by them.