Talos Energy Expands Their Territory In The Gulf Of Mexico

The team at Talos Energy are no strangers to seeking and exploiting natural resources in the Gulf of Mexico. In the fall of 2017, CEO of the company Tim Duncan was in the middle of bargaining for ownership of Stone Energy while hurricane Harvey was raging through the city of Houston, Texas.

Though the storm made negotiations a bit difficult, Talos Energy successfully absorbed the assets of Stone Energy. One of the most significant assets that came with the failed explorative corporation is the Pompano platform. The Pompano platform, once owned by BP, sold for a remarkable $200 million price tag.

More recently, the team at Talos Energy participated in bidding for 14 blocks of acreage in the Gulf of Mexico at the federal lease sale. Although they had plenty of competition, Talos was able to come out on top by scooping up all 14 blocks. With a bill of $5.3 million and 75,000 new net acres to work with Talos Energy is sure to find more success in the Gulf.

One of the most significant resources owned by Talos Energy is the Phoenix field, once called the Typhoon field. Chevron formerly held the location, 165 miles south of New Orleans, and built a 13,000-ton platform which tethered neatly to the seafloor 4,000 feet below.

Unfortunately, when Hurricane Rita hit the Gulf of Mexico, it sent the platform drifting 60 miles away. That is when the team at Talos Energy stepped in and cleaned up the mess left behind from the storm. Now, the company has an exclusive ship which they call the Helix Producer that can retrieve 16,000 barrels or more a day.

Helix Producer also played a significant role in cleaning up BP’s Macondo mess in 2010 that left four million barrels worth of oil seeping into the Gulf of Mexico. Once Talos Energy acquired the Phoenix Field they reviewed the seismic data for the reservoirs and found that they could search for new opportunities 3,000 feet deeper than what Chevron drilled initially.

In 2017, Talos Energy made another move in the Gulf, this time working with a U.K backed competitor to gain a foothold in Mexican waters. Now, Talos Energy is the first company in 80 years to drill for resources in Mexican waters other than Pemex.

Most Valuable Service for the Oil and Gas Industry

Cotemar Mexico is a Mexican company that provides services for the oil and gas industry. The Cotemar Company has been in operation for nearly 40 years. Among the services that Cotemar provides is the development of oil fields offshore, the maintenance and construction of duty from the likes of catering, accommodation, maritime support operations, supplies according to specific requirements and transport of personnel. The biggest and most loyal client of Cotemar is Petroleos Mexicanos or Pemex.

Over the many years of business, Cotemar has constantly been striving towards higher efficiency and has been developing new and better ways to service the gas and oil industry. There have been some very useful integrations of the newest technology, and the number of employees is steadily growing. Cotemar has highly skilled employees at their disposal that are capable of providing very high professional performance. Cotemar provides their services through three strategic lines for a large number of market segments such as Maintenance, Construction, Accommodation and Catering, Modernization, and Specialized Vessel and Maritime Support.

The Cotemar Company was established in early 1979 and has been working for almost 40 years. At first, Cotemar serviced the energy sector, but today it is a leading giant provider for the oil and gas industry. When it was first established forty years ago, Cotemar serviced with Accommodation and catering. In 1981, the company started providing transport of materials and personnel, and in 1985 it began to provide catering as it acquired its first rig. Coterma expanded significantly in 1988 and began to offer almost all of the services it provides today on five rigs and three specialized vessels at the same time. The year 2002 was a landmark for the Cotemar Company because they acquired its first Hibernia which became a pride and joy for the leading giant. In 2012, Cotemar experienced another spurt in growth and to the fleet was added the services of specialized crane and maintenance vessels that were able to transport both liquid and solid materials. In 2013 Cotemar expanded their geographical reach and began construction on Atlantis. Two years later there was another expansion for Cotemar, and they decided to venture into the onshore upstream sector.Last year, 2016, the subsidiary of Cotemar – Servicios a la Industria Petrolera Lifting de Mexico – was awarded Cuichapa Poniente area contract.

The Cotemar company has been experiencing rapid growth ever since if was founded back in 1979. It has become internationally known for its services and continues to grow today.