TALOS STARTS PRODUCTION OF MT. PROVIDENCE WELL IN MISSISSIPPI CANYON

Talos Energy Inc., headquartered in Lafayette Louisiana, announced that the Mt. Providence well began producing on July 10, 2018, approximately 60 days ahead of the originally scheduled completion date in early September. Current gross production of 3,850 barrels of oil equivalent per day ("Boe/d"), which is near the top of the previously announced guidance range of 2,000 to 4,000 Boe/d. The Mt. Providence well was successfully drilled in January 2018 by Stone Energy Corporation after entering into, but before closing, the combination with Talos. The combined Talos team completed the well and hooked it up to the 100% Talos owned Pompano platform in the Company's Mississippi Canyon complex within six months of concluding drilling operations. President and Chief Executive Officer Timothy S. Duncan commented, "We are extremely pleased with the results achieved in the Mt. Providence well. It was nice to see the production rate come at the high end of our expectations. Our team's preparation allowed us to take advantage of earlier rig availability to exceed expectations on timing. With a six month turnaround from completing drilling operations to first production, the team executed this project well ahead of schedule. Using active subsea infrastructure and flowing back to our owned deepwater facility also helped generate attractive economics with very little incremental operating costs. We will continue to focus on safely and efficiently executing other opportunities in on our subsea tieback portfolio." About Mt. Providence and the Pompano Field: Mt. Providence is a subsea well drilled in the Mississippi Canyon Block 028 (MC 028) at a water depth of approximately 1,850 ft. • Gross production from Mt. Providence is 3,850 Boe/d (3,370 Boe/d net of royalties), of which 88% is oil with an API gravity of 33º • Talos owns 100% of the Mt. Providence subsea well, which is tied into the existing Pompano Phase II subsea template located approximately 5 miles from the Pompano platform, which is also owned 100% owned by Talos • The expected IRR from Mt. Providence is 93%, assuming a $60 per barrel of oil flat • The Pompano field began production in 1994 and has produced over 190 million barrels of oil equivalent ("MMBoe") of gross production to date. Mt. Providence is one of several drilling locations being developed through our team's efforts utilizing sophisticated reservoir modeling and recent vintage wide azimuth 3D seismic that has undergone proprietary reprocessing • Production from Pompano, including the Mt. Providence well, is sold on the High Louisiana Sweet ("HLS") market, which currently sells approximately at $4.00 per barrel premium to WTI pricing. (Source and image: Talos Energy)

FAIRFIELD TECHNOLOGIES AND IKON SCIENCE FORM JV

July 20, 2018

Fairfield Geotechnologies and Ikon Science have formally signed a joint venture agreement to offer complete geoprediction services to the oil and gas industry...

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NOVATEK: FIRST LNG CARGO TO CHINA THROUGH THE NORTHERN SEA ROUTE

July 19, 2018

Russian Novatek has shipped its first cargos of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. Today, in the...

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EASTERN THROUGH AREA POJECT (ETAP) CELEBRATES 20 YEARS OF PRODUCTION

July 19, 2018

BP reported that the Eastern Trough Area Project (ETAP) North Sea development, labelled by the Oil & Gas Authority (OGA) as the “poster child”...

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TRANSCANADA COMMISSIONS TOPOLOBAMPO GAS PIPELINE

July 19, 2018

TransCanada Corporation announced the commissioning of its Topolobampo gas pipeline project in northern Mexico, with a capacity of 670 million cubic feet...

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TOTAL AND TATA CONSULTANCY TO CREATE DIGITAL INNOVATION CENTER IN PUNE

July 19, 2018

Total and Tata Consultancy Services (TCS) have signed a partnership agreement to create a digital innovation center in India. Based in Pune in the State...

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TechnipFMC AWARDED MASTER SERVICE AGREEMENT BY PETROBRAS

July 18, 2018

TechnipFMC has been awarded by Petroleo Brasileiro S.A. (Petrobras) a 3-year master services agreement in Brazil, with a 2-year renewal option. This contract...

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TRANSOCEAN: 11-WELL CONTRACT FOR GSF DEVEOPMENT DRILLER I

July 18, 2018

Transocean Ltd. announced that the ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract (approximately 955 days) commencing...

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21 LEONARDO AW139 HELICOPTERS TO RENEW SAUDI ARAMCO FLEET

July 18, 2018

Milestone Aviation Group Limited, a GECAS company and the global leader in helicopter leasing, and Leonardo today announce they have been selected to renew...

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CUADRILLA COMPLETES SECOND HORIZONTAL WELL AT PRESTON NEW ROAD

July 18, 2018

Cuadrilla has successfully completed drilling the UK’s second horizontal shale gas well at its exploration site at Preston New Road in Lancashire. This...

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13-WELL CONTRACT WITH CONOCOPHILLIPS FOR TRANSOCEAN 712

July 17, 2018

Transocean Ltd. announced that the midwater semisubmersible Transocean 712 was awarded a 13-well contract (approximately 580 days) commencing in March...

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NORTH DAKOTA NEW OIL AND GAS PRODUCTION RECORD

July 17, 2018

Patrick C. Miller from North American Shale reported that North Dakota set new production records for both oil and gas for the month of May, according...

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VAN OORD ACQUIRES MPI OFFSHORE

July 17, 2018

Van Oord has signed an agreement with Vroon Group to acquire MPI Offshore, a specialist offshore wind installation contractor. Van Oord will take over...

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