Talos Energy makes Gulf of Mexico deals with ExxonMobil, BP

Talos Energy Inc. has negotiated two separate agreements with BP PLC and ExxonMobil Corp. regarding prospects in the US Gulf of Mexico.

Talos Energy Inc. has negotiated two separate agreements with BP PLC and ExxonMobil Corp. regarding prospects in the US Gulf of Mexico.

Talos acquired from ExxonMobil the Hershey prospect on Green Canyon Blocks 326, 327, 370, and 371.

BP acquired from Talos its interest in the Puma West prospect on Green Canyon Block 821. BP and Talos expect to drill an exploration well there during the fourth quarter.

In the ExxonMobil agreement, Talos acquired 100% working interest in the Hershey prospect and will become operator of four Green Canyon blocks covering 23,000 gross acres.

Hershey is a large, subsalt Miocene prospect with potential for several stacked horizons. Based on preliminary estimates, Talos executives believe the prospect may contain oil-weighted, gross unrisked resources of 100-300 million boe.

Hershey could be developed as a subsea tie-back to multiple Talos-controlled Green Canyon facilities or with new, dedicated infrastructure.

Separately on Puma West, Talos will retain 25% working interest with BP, the operator, holding the rest. An initial well is expected to be spudded before Oct. 31 using the Seadrill West Auriga ultradeepwater drillship.

The prospect involves subsalt Miocene target zones believed to be like Mad Dog field, which is 15 miles from the proposed Puma West wellsite. Talos identified the Puma West prospect following seismic reprocessing in its core Green Canyon area.

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