Oil and gas are two of the most popular natural resources on earth. Since being a natural resource, these substances are held in high regards because they can hold yield extraordinary benefits. Oil and gas is used in a number of ways, and it definitely helps to fuel the economy. One of the best areas for offshore drilling is located in the Sureste Basin. This basis is located just off the coast of Mexico’s state of Tabasco. Unfortunately, this area of the globe has been dominated by one oil and gas company, but this company hasn’t been bringing in huge results.
As of today, Mexico’ future is looking much more brighter than before thanks to Talos Energy. This Houston-based oil and gas company has strong resume of producing great work, and it’s backed by top-of-the-line investments companies. These companies just so happen to be Riverstone Holdings and Apollo Global Management. Talos Energy is committed to excellence and these two investment companies has committed up to $600 million in equity for Talos to operate. Mexico has been suffering from a slumping energy market. By opening its waters to foreign oil and gas exploration, the country can expect big improvements in the years to come. In 2015, three of the top oil and gas companies won the bid for exploring Mexico’s waters, which includes:
- Premier Oil (London)
- Talos Energy (U.S.)
- Sierra Oil & Gas (Mexico)
This offshore-drilling project will cost an estimated $16 million. Like the old saying goes, “you have to spend money to make money.” This notion rings true on so many levels. Over 24,000 square-miles of seismic-data will be implemented. If everything goes as planned, this area of the globe will have an astounding E&P company that will generate revenue in the years to come.