**UPDATE**September 30th, 2017 Learn more about Talos Energy on crunchbase.com
**UPDATE** Talos Energy has been selected as one of the top places to work, see more here.
Talos Energy is a growing business that extracts crude oil from various areas in the Gulf of Mexico. The company utilizes effective techniques that can remove additional hydrocarbons, implements strategies that may reduce each drill’s effects on the environment, uses seismic technology that can evaluate oil fields of all sizes and offers extensive consultations for investors.
The Benefits of Seismic Technology
The business has cutting-edge equipment that delivers seismic waves to the ocean floor, and after the waves come into contact with the sediment, experts can locate areas and rock formations that could contain large amounts of oil. Subsequently, analysts may create three-dimensional maps that show valleys, rock formations and sediment that rapidly shifts. Additionally, the company is able to determine the thickness of each sedimentary layer.
Recent Successes and Effective Strategies
During the last week, Talos Energy discovered a large amount of oil that is situated within 40 miles of Mexico’s eastern coastline, and the oil field is underneath a relatively shallow section of the ocean. According to the company’s experts, the reservoir contains crude oil that could fill 1.4 billion barrels, and the oil field has a depth of at least 11,000 feet.
Mexican legislators had nationalized all oil companies that operated within the country, but recently, the Mexican government opted to allow private companies to search for oil within the nation’s boundaries. Talos Energy operates in the Gulf of Mexico, so the privatization may greatly expand the area that Talos Energy can explore, augment the revenue that the company could generate and increase the amount of oil that Talos Energy may extract.
New Technology’s Effects on Airfares
The business has various types of equipment that can reduce expenses and accelerate many processes, and consequently, the state-of-the-art devices may decrease the overall cost of each barrel of oil and augment the amount of oil that is available. Numerous estimates have shown that certain technology could swiftly reduce airfares by more than 15 percent. Within the next 11 years, the devices may halve the costs of many flights.
When evaluating the underwater terrain in the Gulf of Mexico, Talos Energy has examined a section with an area of more than 33,000 square miles. Consequently, the company’s experts understand the contours of the ocean floor, the types of sediment that the enterprise’s equipment may encounter, seismic activity in various areas and any risks that are associated with specific sections of the ocean floor. The company’s vast database allows the experts to analyze the terrain of any section of the ocean floor anytime.
The business also utilizes equipment that can minimize the environmental impact of each process. Moreover, Talos Energy has created teams of specialists who will evaluate guidelines that are related to the environment and test the effects of devices that extract oil.
Creating Joint Ventures and Helping Local Charities
The company has created numerous joint ventures that stimulate the region’s economy and increase the amount of oil that Talos Energy can obtain. The enterprise has also made donations to numerous charitable organizations, such as the American Cancer Association, the Gulf Coast Regional Blood Center, the American Diabetes Association and charities that help children.
Learning More Information
If you would like to examine the services that Talos Energy offers, you can evaluate strategies that the company uses, services for investors and news that may be associated with the business.