International: E&P in Mexico: the First International Operator's Perspective
On September 19, 2016, SPE-GCS International Study Group will host a luncheon with Loren Long of Talos Energy, LLC, who will speak on his company’s experiences in the first rounds of bidding on Mexico leases following the Mexico Energy Reforms of 2014.
Talos Energy, LLC is an early entrant into Mexico's shallow water. In a consortium with two other companies, Sierra Oil & Gas and Premier Oil, during Mexico's Round 1 shallow water lease sale in 2015, four-year old Talos Energy won two blocks that total more than 160,000 acres.
The story of Talos Energy LLC is one of a seasoned team backed by two private equity providers to build a company in the Gulf of Mexico. The Houston company formed in 2012 with equity commitments of up to $600 million from Apollo Global Management and Riverstone Holdings, to execute an acquire, develop and explore strategy based on 3-D seismic data in the Gulf of Mexico and lower Gulf Coast. It holds blocks in the Gulf of Mexico from High Island to Main Pass, in both shallow and deepwater areas.
Loren Long will also share Talos’ experience working with Mexican regulators in preparing to drill the first non-Pemex exploratory well in 77 years. He will offer his perspective on the future of the oil and gas business in Mexico
The Petroleum Club of Houston, 35th Floor, Total Plaza
1201 Louisiana Street
Houston , Texas 77002