Talos Energy is Helping to Revitalize Mexico’s Ailing Energy Market

Many years ago, Mexico had one of the world’s best oil reserves. The country had one of the world’s best petroleum-based production capabilities. However, national procurement peaked sometime between 2003 and 2004. Since that time, the nation’s ability to procure fuel had plummeted. By 2005 the nation of Mexico was in trouble in terms of its fuel production.

In 1938 Mexico had nationalized its fuel sources. This simply meant that no one other than Mexican based companies could search for or extract fuel from the country. This was a great move for Mexico during the early part of the 20th century. As a matter of fact, the country has even designated a holiday for this occasion. Every year on March 18 the nation celebrates Anniversary of the Oil Expropriation which was started by a popular former Mexican president named Lazaro Cardenas.

Talos Energy is one of the first energy companies that has been allowed back into the country to find and produce petroleum reserves. This company has teamed up with a Mexican based energy producer named Sierra Oil & Gas. Another member of this committee is Premiere Oil Plc which is a U.K. based energy company. Together, these three oil companies are helping Mexico to turn their energy misfortunes around.

Keep in mind that Mexico is the world’s 12th largest producer of petroleum products. Being ranked number 12 out of 195 countries is not a bad position. While they are not considered the top 10 petroleum producing countries, they still hold a significant position in the world of energy production. Talos understands this point and they are doing everything they can to help boost the nation’s energy market.

Talos provides a lot of updated technology to the energy procurement process. Their seismic equipment and apparatuses is what allows them to discover fuel reserves that are located in hard to find places. This helps to give the company the edge it needs when searching for petroleum and landing bidding contracts. In 2015, Talos and their partners were able to secure the right to drill in Mexico. The government awarded these companies because they are projected to produce the best results for this venture.

Talos Energy’s ability to operate in the Mexico area is a testament to the professional level of this company. This energy company is based in Houston, Texas and it was created in 2012. Since that time, it has become one of the best energy production operations in the U.S. and in the world.

 

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