Talos to focus on infrastructure-led, short-cycle projects

Feb. 18, 2020
Talos Energy has reported a capital program of $520-$545 million for 2020.

Offshore staff

HOUSTON Talos Energy has reported a capital program of $520-$545 million for 2020.

The company has allocated $280-$285 million for US drilling and completions, which includes development (40%), exploitation (40%), and high-impact exploration (20%).

The Bulleit development is expected to start production in 3Q. It is a subsea tieback to the GC18 platform.

The Tornado water flood project calls for drilling the Tornado 4 subsea injector well that includes two completions. One completion is in a known regional aquifer above the Tornado producing sands and a second completion is in the Tornado pay sand. Tornado 4 is expected to be drilled in 2Q and be completed at the end of 3Q.

The company plans to drill two to three infill wells at the GC18 field. The first well is expected to spud at the end of 1Q, with first production planned for 3Q.

The Gunflint #5 well is expected to spud in 2Q and take about 60 days. If successful, first oil is expected in 2021.

The Claiborne #3 well was spudded last month, and first production is expected at the end of 2Q.

According to the company, plans are being developed to return to the Puma West prospect later this year with a slightly modified casing design. The well was temporarily suspended in January.

Two more high-impact wells could be drilled this year, the company said.

It has allocated $15-$20 million for offshore Mexico. This includes the front-end engineering and design work for the Zama field on block 7. Also, Talos is working on permits for a potential drilling campaign of additional exploration opportunities on block 7 in 2021.

The company is also participating in additional geological and geophysical studies related to its 2019 Xaxamani oil discovery on block 31.