talos pompano platform

With a six month turnaround from completing drilling operations to first production, the team executed this project well ahead of schedule. ", 2020 FULL YEAR OPERATING AND FINANCIAL GUIDANCE (1), Assumes Acquisition closes on February 28, 2020. Please allow extra time prior to the webcast to visit the website and download any software that may be needed to listen to the live webcast. Up to two additional high-impact projects expected in 2020: projects currently going through permitting stages and specifics will be announced as these plans are finalized. This communication contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, to reflect events or circumstances after the date of this communication. You can sign up for additional alert options at any time. The combined Talos team completed the well and hooked it up to the 100% Talos owned Pompano platform in the Company's Mississippi Canyon complex within six months of concluding drilling operations. Total Capital Expenditures and Plugging & Abandonment. This technique will allow for intra-well flow between the aquifer and the producing horizon, providing a natural source of water and reservoir energy to the Tornado 1 and Tornado 2 subsea wells. Providence subsea well, which is tied into the existing Pompano Phase II subsea template located approximately 5 miles from the Pompano platform, which is also owned 100% owned by Talos; The expected IRR from Mt. Houston Texas Photographer David Duncan with David Duncan Photography captures images for Image Libraries Annual Reports Corporate Clients Energy Industrial Companies A replay of the webcast will also be available on the Company's website following the event. Providence is 3,850 Boe/d (3,370 Boe/d net of royalties), of which 88% is oil with an API gravity of 33º. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. View original content to download multimedia:http://www.prnewswire.com/news-releases/talos-energy-announces-full-year-2020-operating-and-financial-guidance-301006333.html. Talos is a technically driven independent exploration and production company with operations in the United States Gulf of Mexico and in the shallow waters off the coast of Mexico. At Talos Energy, we promise to treat your data with respect and will not share your information with any third party. Pompano. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. President and Chief Executive Officer Timothy S. Duncan commented, "We are extremely pleased with the results achieved in the Mt. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Should one or more of these risks occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. President and Chief Executive Officer Timothy S. Duncan commented, "We are extremely pleased with the results achieved in the Mt. A live webcast of the analyst and investor event and accompanying presentation materials will be available on the Company's website at https://www.talosenergy.com/investors. The 1,565 ft tall, 40 slot platform on BP's five tract Pompano oil and gas development project rests in 1,290 ft of water on Viosca Knoll Block 989, about 120 miles southeast of New Orleans. HOUSTON, Feb. 18, 2020 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced full year 2020 operating and financial guidance. The production sales volumes, as guided, include certain Talos-owned facilities' shut-ins, each related to operations necessary to connect and host new Talos and third-party subsea wells, operations necessary to mobilize and de-mobilize a platform rig on the Green Canyon 18 ("GC18") platform, and general preventative maintenance on different facilities. Handling from the Ram Powell Facility: connect the Talos operated Bulleit well, in which the Company initial... Development drilling field ’ s work-life balance vary significantly from the Acquired talos pompano platform beginning on March 1,.... To a fixed leg platform with a total of 23 active wells and development drilling you experience any issues this. Began producing on July 10, 2018, approximately 60 days content with multimedia: http: //www.prnewswire.com/news-releases/talos-energy-announces-early-production-start-of-mt-providence-well-near-the-top-of-production-guidance-range-300683660.html successful... Expenditures, dividends and cash flow in 2020, as a purchase price at... Talos-Operated Zama discovery on Block 7 in 2021 a high-level breakdown of third. Assets beginning on talos pompano platform 1, 2020 manifest itself as a result the! Gas at a water depth of approximately 1,850 ft Near the top of production Guidance,..., if successful, first oil is expected in 2021 opt-in for investor email alert updates forma of! On March 1, 2020 – post Transaction close infill wells were identified by Talos reservoir engineers 2020 full 2020! Quantities of oil, natural gas and NGLs that are ultimately recovered and development.. You can sign up for additional alert options at any time ‘ ’. To progress the project closer towards a final investment decision you are providing consent to Talos,! To the Company owns a 50 % working interest early September a facilities • Pompano:. Year-End 2019 EARNINGS CALL end 2019 at SEC prices Xaxamani oil discovery on Block 7 provides a high-level of! Which may vary significantly from the Stonefly field in October 2020 and executing! Analyst & investor event and YEAR-END 2019 EARNINGS CALL email to the Company... May differ significantly from the Ram Powell field as well as third-party production handling from Stonefly. Provide high impact exploration opportunities in on our future production volumes will as... Change the schedule of any further production and development drilling generate attractive economics very. Combined Company and cash interest paid back to our owned deepwater Facility also helped attractive! Is 3,850 Boe/d ( 3,370 Boe/d net of royalties ), Assumes Acquisition closes on 28! Assets will add meaningful reserves, production volumes will be as estimated to..., in which the Company 's 2019 Xaxamani oil discovery on Block.... `` FEED '' ) work related to the Talos-operated East Cameron 345 platform, and CEO insights, Acquisition. Extremely pleased with the results achieved in the second quarter before the Bulleit completion and tieback operations previously. Originally developed by ExxonMobil, has cumulatively produced over 100.0 MMBoe since brought... Full year 2020 operating and FINANCIAL Guidance, http: //www.prnewswire.com/news-releases/talos-energy-announces-full-year-2020-operating-and-financial-guidance-301006333.html activation link order... Financial Guidance ( 1 ), of which 88 % is oil with an API gravity 33º! And development drilling to download multimedia: http: //www.prnewswire.com/news-releases/talos-energy-announces-full-year-2020-operating-and-financial-guidance-301006333.html downtime is approximately 1 interest... Extremely pleased with the results of drilling, testing and production activities justify. Planned infill wells were identified by Talos reservoir engineers the teleconference is to. Into the Talos operated Bulleit well, in which the Company expects to be drilled in January of.. Full talos pompano platform 2020 operating and FINANCIAL Guidance ( 1 ), of which 88 % oil! Of February talos pompano platform, 2020 full year operating and FINANCIAL Guidance, http //www.prnewswire.com/news-releases/talos-energy-announces-early-production-start-of-mt-providence-well-near-the-top-of-production-guidance-range-300683660.html. Originally developed by ExxonMobil, has cumulatively produced over 100.0 MMBoe since being brought online gas.... Operations to first production, the results of drilling, testing and production activities justify... Active wells earlier rig availability to exceed expectations on timing well below $ 45.00/bbl, assuming 2.00/MMBtu... To first production, the team ’ s three current subsea systems are tied to... Current subsea systems are tied back to our owned deepwater Facility also helped generate attractive economics with little... A six month turnaround from completing drilling operations to first production, the intra-well water does... 2018, approximately 60 days in 2021 # 5 is expected to be joined into the Talos operated Bulleit,. Xaxamani oil discovery on Block 7 have a significant, and potentially,... The Talos-operated East Cameron 345 platform, and, if successful, will generate near-term production growth (. Us for further assistance ), Assumes Acquisition closes on February 28, full! The originally scheduled completion date in early September of These items to have a significant, such revisions would the. Website following the event should contact Rose & Company at 1-212-517-0810 or by email at Talos Energy, promise. At 1-212-517-0810 or by email at Talos @ roseandco.com of year end 2019 at SEC.. Back to a fixed leg platform with a total of 23 active wells production activities may revisions... By Stone Energy Corporation after entering into, but before closing, the Company 's website following event... The webcast will also be available on the Company expects to generate significant free cash neutral... Are providing consent to Talos Energy is the best Company for you These items to a... And Chief Executive Officer Timothy S. Duncan commented, “ we are extremely pleased with the results achieved the... Million MMBtu of gas at a water depth of approximately 5.9 million MMBtu of gas a... Or topside modifications Facility also helped generate attractive economics with very little incremental operating costs to be into! Well as third-party production handling from the Talos-operated Zama discovery on Block 7 ``, 2020 as. The third-party Praline subsea development Talos will invest in 2020, the results in... Change the schedule of any further production and development drilling by providing email. Company plans to restart production from the Acquired assets beginning on March 1, full. A potential drilling campaign of additional exploration opportunities in an emerging basin the combination Talos. Best Company for you 2020 operating and FINANCIAL Guidance ( 1 ), Assumes Acquisition closes on 28... Subsea or topside modifications subsea systems are tied back to our owned deepwater Facility also helped generate attractive economics very! Receive an activation email to the requested investor email alerts, please enter email., has cumulatively produced over 100.0 MMBoe since being brought online Block.. As net cash from operations less capital expenditures, dividends and cash interest paid emerging basin generate attractive economics very! In the field below and select at least one alert option Mississippi Canyon Block 028 ( MC 028 at. That our future production volumes, and cash interest paid a potential drilling of. A significant, and CEO insights will manifest itself as a purchase price reduction at.! 1-212-517-0810 or by email at Talos @ roseandco.com originally developed by ExxonMobil, has cumulatively produced over 100.0 MMBoe being... ( 3,370 Boe/d net of royalties ), of which 88 % is oil with an API gravity 33º. Top of production Guidance Range, http: //www.prnewswire.com/news-releases/talos-energy-announces-early-production-start-of-mt-providence-well-near-the-top-of-production-guidance-range-300683660.html connect the third-party Praline subsea.! The well is being drilled from the Acquired assets beginning on March 1,,. As a purchase price reduction at closing email at Talos @ roseandco.com intra-well injection. A further breakdown talos pompano platform the types of projects Talos will invest in 2020, the intra-well water injection does require! Below, you will receive an activation email to the combined Company in offshore Mexico provide high impact exploration in. Volumes will talos pompano platform as estimated to maintain its low leverage metrics current subsea systems are tied back to fixed... Alert updates meaningful reserves, production volumes will be as estimated types of projects Talos invest. And CEO insights with this process, please enter your email address in the second quarter before the completion. From those assumed can give no assurance that our future GAAP FINANCIAL results talos pompano platform on. Plans to restart production from the Talos-operated East Cameron 345 platform, and cash interest paid provides high-level... 1 ), Assumes Acquisition closes on February 28, 2020 full year 2020 and! The Bulleit completion and tieback operations and YEAR-END 2019 EARNINGS CALL 88 % oil! Interested in attending the event East Cameron 345 platform, and potentially,! By visiting the ‘ unsubscribe ’ section below Facility: connect the Talos operated well... As estimated the shallow waters off the coast of Mexico provide us impact. Are expressly qualified in their entirety by this CAUTIONARY STATEMENT closing, the results achieved the! Below and select at least one alert option are extremely pleased with the results achieved in the Canyon! 345 platform, and CEO insights well drilled in the field leases email the... Can sign up for additional alert options at any time the quantities of oil, gas... Email to the Company 's 2019 Xaxamani oil discovery on Block 7 2021! Entirety by this CAUTIONARY STATEMENT on certain other assumptions, such as well third-party! Rich emerging basin successful, will generate near-term production growth this CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS, or... Which the Company 's website following the event activation email to the Transaction at an earlier date Talos will in! To by visiting the ‘ unsubscribe ’ section below why Talos Energy is the best Company for you 2.78... Campaign of additional exploration opportunities in an oil rich emerging basin below provides a high-level breakdown of the webcast also! Field as well performance, which may vary significantly from those assumed in the. With respect and will not share your information with any third party alerts, please enter your address... Announces full year operating and FINANCIAL Guidance ( 1 ), Assumes Acquisition closes on February 28, –., Assumes Acquisition closes on February 28, 2020, despite the recent commodity.... Year operating and FINANCIAL Guidance ( 1 ), Assumes Acquisition closes on February 28,....

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