Talos exceeds production plans
Gulf of Mexico-focused operator sees output soar as it lines up further exploration
US independent Talos Energy reported production above company expectations in Q2, a rare feat in an industry where most domestic E&Ps are still guiding flat output despite oil prices pushing above $70/bl and vaccines being successfully rolled out in Europe and the US. Average daily production reached 66,000bl/d oe for the quarter, at an average oil price of $64.28/bl, an increase of around 20.7pc over volumes recorded last year. Talos also reached first production at the Tornado Attic well in the Gulf of Mexico in mid-July, producing above the expected 8,000-10,000bl/d oe range. The company holds a 65pc interest in the field, with US operator Kosmos Energy holding 35pc. “Our operations
Also in this section
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
22 March 2024
And the outlook for the country’s upstream appears to have improved following legal setbacks in 2023