Talos finds oil in Sunspear in GoM, plans tieback to Prince

Aug. 9, 2023
Talos Energy has discovered oil and gas with the Sunspear exploration well in the US Gulf of Mexico (GoM), the company said in its latest results statement.

Offshore staff

HOUSTON  Talos Energy has discovered oil and gas with the Sunspear exploration well in the US Gulf of Mexico (GoM), the company said in its latest results statement.

Initial analysis suggests 260 ft of gross true vertical thickness of oil pay, including 149 ft of net oil pay in the main target, in line with expectations.

The company plans to develop Sunspear through the Prince platform recently acquired from EnVen. Its partners in the concession are an entity managed by Ridgewood Energy Corp. and Houston Energy.

Talos President and CEO Timothy S. Duncan said, “This success further demonstrates our belief that owning critical assets in the Gulf of Mexico can significantly enhance subsea drilling economics.”

Other recent wells in the region had mixed outcomes. The Longhorn well, designed to test deep objectives beneath the Lobster Field, found non-commercial hydrocarbons in the deep zone, although it did encounter more than 50 ft of pay across two legacy field pays.

It has since been suspended and will undergo analysis for completion alongside the next Lobster Field development well, which is set to spud shortly.

The Occidental-operated Pancheron exploration well delivered non-commercial quantities of hydrocarbons in the second quarter and has since been plugged and abandoned.

Murphy Oil expects to spud the Marmalard well (Talos, 11.4%) in the current quarter.

As for field development, construction and subsea installation works for Talos’ Lime Rock and Venice discoveries remain on track for the projected startup of the wells in first-quarter 2024. Both will be tied backed to the Talos-operated Ram Powell platform.

During the second quarter, Talos completed planned well interventions on its operated Bulleit DTR-10 sand recompletion and Mount Hunter development well, improving overall reservoir productivity. On the Neptune platform, optimization work, including new chemical treatments and topside modifications, should finish later in the year.

08.09.2023

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Courtesy Talos Energy's September 2023 Investor Update
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Courtesy Talos Energy
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