Category Archives: Industry

Talos Energy Wins Auction to Set Up Rigs in Mexico

Mexico has always been known for being a country that has some of the best-untapped oil potentials. In the past, most of the oil rigs that were being used were being operated by people running state organizations. Most of these companies would make use of government funds to run their work and carry out their operations. This, however, did not work out as well as the country would have expected in the past. The amount of oil that the country could extract was severely limited, and the country was not on the top of the oil scene in spite of a lot of resources that they possess. To make the oil scene better for the country, and to make the maximum utilization of all the resources that Mexico has, the government decided to open up the oil and petroleum sector for the first time in over eighty years. The new regulations that the government has installed will allow private organizations and enterprises to establish their rigs in the oil beds, thus allowing for a more efficient use of the resources that the country has. This will also be a brilliant step for the trade of the country since they can now increase the amount of oil that Mexico chooses to export. This move will also cement the country’s position in the oil industry. To know about Talos Energy click here.

When it comes to the businesses that want to set up here, the country has now made way for international names. International companies are now being permitted to set up in the country. Recently, the Mexican government conducted an auction to give out the first position in the country. Talos Energy was the company to win the auction. The win allows the company to be one of the first to set up their oil rigs in the country. They also have access to a larger pool of rigs to choose from. Talos Energy has been operating in the industry of oil and petroleum for a long. To carry out this endeavor, the company partnered with Premier Oil, which is a company based in London, as well as Sierra Oil and Gas, which is a company native to Mexico.

Their Facebook Page: https://www.facebook.com/talos.energy/