The country of Mexico has controlled all oil exploration in its territorial waters for the past several decades, but now it appears the tide is changing as private international collaborations have begun. The well of note for the first international drilling operation is located in Sureste Basin just off of the coast of Tabasco. Estimates show the find is extensive and is of great interest to the global oil industry, as well as Mexico itself. The nation could potentially control a wealth of untapped oil deposits. The oil drilling prior to the new international collaboration initiative had been totally controlled internally by the government and private Mexican companies. This also meant were also be required to fund drilling operations. The new plan is focused on privatization and cooperation. And, the Sureste Basin deposits will be the pilot case and more information click here.
The private energy companies being allowed to assist in the extraction process are London-based Premier Oil, Sierra Oil and Gas of Mexico, and Talos Energy headquartered in Houston, Texas. Profits from the deposits will be distributed among the cooperative companies at a rate of 40% for Sierra Oil and Gas, 25% for Premier Oil, and 35% for Talos Energy. The odd division of return margins allows for the work Talos Energy performs in the field, as the Houston energy company actually implements the drilling process and manages the drilling platform operation and learn more about Talos Energy.
Talos Energy is a well-respected energy company in the south of Texas and is known for their innovative thinking and funding applications. They began as a consulting and drilling operation on a minimal budget and grew the original company to double value before selling out to Apache. They are a no-frills energy company that believes in maintaining a streamline staff who should be rewarded when the company experiences growth and significant financial cash flow. Talos Energy was also recently named by WorkplaceDynamics as the top energy company to work for in the Houston area and their Facebook.