TALOS ENERGY HITS OIL IN THE GULF OF MEXICO DEEPWATER

Talos Energy advised that operations are concluding on the Green Canyon 21 Bulleit prospect. The well encountered approximately 140 feet of net true vertical depth oil pay in the shallow target, the DTR-10 Sand, and approximately 110 feet of net TVD oil pay in the deeper MP Sand. Talos experienced delays and additional costs during drilling due to difficult hole conditions below the DTR-10 Sand that necessitated a side track of the original well path to a new directional plan. Additionally, the rig was moved off location to ensure safe operations during Hurricane Barry. The well will be completed in the first half of 2020 and then tied back to the Talos-owned and operated Green Canyon 18 (“GC 18”) facility located approximately 10 miles west of Bulleit. The Bulleit prospect, originally generated by EnVen Energy is now 50.0% owned and operated by Talos, with EnVen and Otto Energy owning 33.3% and 16.7%, respectively.
Talos also advised that the Green Canyon 200 Orlov prospect initially encountered approximately 100 feet of net true vertical thickness oil pay in the main target Aspen J sand, as well as additional pay sands in shallower zones along the same trap. The operator, Fieldwood Energy currently has a rig on location and will soon commence an operation to re-enter the well and drill an appraisal sidetrack to optimize the well location in relation to the discovered resources. Initial production from Orlov is expected in the first quarter of 2020 and will be tied back to the Fieldwood-operated Bullwinkle facility. Talos owns a 30% working interest in the Orlov project.
Talos was also successful in the shallow waters of the Gulf of Mexico:
(Source: Talos Energy)