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Talos Readies New Drilling Projects in Gulf, Expects Busy 2024

Talos Readies New Drilling Projects in Gulf, Expects Busy 2024


Attachment: Talos Energy 4Q23

December 8, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this week, Talos Energy Incorporated (NYSE:TALO) (Houston, Texas) brushed off concerns surrounding an oil discharge in the Gulf of Mexico to focus on its growing footprint in the region, particularly the approaching startup of two drilling programs at recent deepwater discoveries.

Industrial Info is tracking more than $1.1 billion worth of active and planned projects across the U.S. featuring Talos. Talos recently reaffirmed its fourth-quarter 2023 operational guidance of 66,500 and 68,500 barrels of oil equivalent per day (BOE/d), with first production expected by the end of the year at two discoveries in the Gulf. This puts both projects ahead of schedule, as their completion had been expected in first-quarter 2024.

Other companies featured: Occidental Petroleum Corporation (NYSE:OXY), Chevron Corporation (NYSE:CVX) and 25% owned by Equinor (NYSE:EQNR).