Around 2015, Mexico opened it’s oil industry to private investment, due to the fact that it’s oil industry was not doing so well. As a result, three companies, Premier Oil Plc, Talos Energy LLC and Sierra Oil and Gas gained the rights to prospect. On May 21st, 2017, the companies started drilling into the Zama-1-well. The Zama-1-well is located in the Sureste Basin, off the state of Tabasco.
Talos Energy, LLC, is based in Houston, and it was founded in 2012. It’s focus is to explore, acquire and use gas and oil properties. Talos Energy focuses on the Gulf of Mexico and the Gulf Coast. Ash Shepherd is the company’s commercial manager for Mexico. He signed two production sharing contracts that made Talos Energy the first foreign operator to do business in Mexico since 1938. This is due to the fact that Mexico started to allow private investments in the oil industry. The signing of these contracts was a big milestone for Talos Energy—both because of the fact that they struck a big deal, and because they made history.
Talos Energy has acquired a number of other companies. Energy Resource Technology GOM Inc is one of these companies. Energy Resource Technology GOM Inc is a subsidiary of Helix Energy Solutions Group, Inc. Talos Energy is affiliated with Riverstone Holdings, LLC, and Apollo Global Management, LLC.
Helix Energy Solutions Group is headquartered in Texas, and acts as an international offshore oil company. Apollo Global Management LLC is an alternative investment manager. It has offices in London, Los Angeles, New York, Houston, Frankfurt, Singapore, Mumbai, Hong Kong and Luxembourg. Riverstone Holdings, LLC, is a private equity firm that focuses on energy and power. It was founded in 2001. Riverstone has raised $24 billion of equity capital across 7 co-investments and investment funds. The company has offices in Houston, London and New York.
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