On May 21, 2017, the Talos begin drilling an oil well in the Mexican waters. This was the first offshore discovery oil well to be launched by another company other than Petroleos Mexicanos since 1938. In Sureste Basin off the state of Tabasco, Zama-1 oil well holds approximately 100 to 500 millions barrels of crude. It cost Premier Oil Company $16 million to drill oil and about 90 days to complete. In 2015, Talos Energy LLC, Premier Oil, and Sierra Oil & Gas won the right to the protest in the first round of bidding. After Mexico voted to align private investments to the oil industry. Charlie Sharp believes that “Zama is one of the most interesting exploration wells to be drilled in the sector this year.” Overall, Sierra owns a 40% stake, Talos owns a 35% stakes and Premier owns a 25% stake in the well.
Talos Energy is a private oil and gas organization that scouts out throughout the Gulf of Mexico in search of oil and gas. Duncan and his partners founded Talos, eighty years ago. Duncan has six hundred million dollars of equity from Talos Energy Company. This is from the Gulf Coast producing over sixteen thousand barrels of oil per day last year. Talos has about one hundred and twenty employees from just fifteen after getting a deal with Apollo Management and Riverstone Holdings last year. Talos has been known to be the best small business workplace by Workplace Dynamics this year.
Apollo Global Management is one of the top investment manager offices in London, Houston, New York, Frankfurt, Los Angeles, Hong Kong and much more. As of September 30, 2012, Apollo has managed relatively $110 billion of equity; real estate funds and credits over nine industries. Throughout these industries, Apollo has been astronomical resourceful and knowledgeable with their company.
After the Talos Energy Company collected oil and gas, they were ready to buy into the market again with $475 to $500 million dollars this year. This would allow the company to be able to grow more as a business and hire more employees. After Ben Winkelman retired from the oil and gas company, he was enticed to drill one more oil well. As for chief accounting officer and controller, Michael Harding offers a bigger job. Previously he was a worker at Apache Corp but he decided to leave that a work at Talos. Michael enjoyed being able to know all the geologists and engineers. Overall, the employees at Talos love the upbeat environment and reports “there is never a dull moment at the company” to Workplace Dynamics.