Talos Energy Inc. started oil and natural gas production at the Lime Rock and Venice discoveries near its Ram Powell platform in the US Gulf of Mexico (OGJ Online, Jan. 4, 2023).
The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 boe/d, averaging about 45% oil and 55% liquids. The estimated combined gross ultimate recoverable resources of these two discoveries are about 20-30 MMboe.
The Lime Rock prospect was acquired in Lease Sale 256 in November 2020. The Venice prospect was identified within Talos’s existing Ram Powell unit acreage about 3 miles from the Ram Powell platform.
Talos owns a 60% working interest in both wells.
