(Energy Analytics Institute, 7.Dec.2023) — Talos Energy Inc. (NYSE: TALO) provided operational updates related to its operations in the Gulf of Mexico and first production from its Venice and Lime Rock finds.
First, Talos expects the impact related to the Main Pass Oil Gathering pipeline shut-in to be immaterial to its fourth quarter 2023 results. Talos is among seven oil producers whose production has been shut-in since mid-Nov. 2023 in the U.S. Gulf of Mexico as a result of the closing of the pipeline;
Second, Talos anticipates first production ahead of schedule by year-end 2023 for Talos’s Venice and Lime Rock discoveries, which will be tied-back to the Talos-owned and operated Ram Powell facility. Talos owns a 60% working interest in both wells; and
Third, Talos reaffirms its fourth quarter 2023 operational guidance. As previously reported, for the fourth quarter 2023, Talos expects average daily production of 66.5 – 68.5 thousand barrels of oil equivalent per day.
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By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
