Talos Contracts Drillship for 2020 GOM Program



Talos Contracts Drillship for 2020 GOM Program
Talos Energy has contracted an ultra-deepwater drillship and a platform rig.

Talos Energy Inc. reported Friday that it has contracted the Transocean Discoverer Inspiration dual-activity ultra-deepwater drillship for its 2020 deepwater drilling and completions program in the U.S. Gulf of Mexico (GOM).

In a written statement emailed to Rigzone, Talos noted that its contract for the Inspiration should commence in the second quarter of this year and provides for up to three wells with a total minimum of 120 days. Moreover, it stated the contract terms include an extension option for up to three additional wells with at least 40 days per instance.

Talos stated the drillship will assist with the Bulleit completion and tieback project and development activity in the Phoenix complex. Also, it stated that it might use the Inspiration for “one or more high-impact exploration drilling projects” under evaluation.

The company also reported that it has contracted a platform drilling rig for near-field development and exploitation drilling in the vicinity of its Green Canyon 18 fixed production platform in the GOM. The company, which acquired the Green Canyon 18 Field in 2018 when it bought Whistler Energy, noted the Helmerich & Payne 100 platform rig allows for a shortened turnaround from drilling to first production by utilizing dry trees on fixed deepwater facilities. Talos added that it has contracted the rig on an evergreen basis with a rolling 90-day term.

In addition to stating that it has contracted the Inspiration and Helmerich & Payne 100, Talos issued the following series of updates on its existing U.S. GOM assets:

  • The company’s production for the fourth quarter of 2019 totaled approximately 3.6 million barrels of oil, 300,000 barrels of natural gas liquids and 6.2 billion cubic feet of natural gas, representing approximately 54,000 barrels of oil equivalent (boe) per day.
  • The Aspen J target in the Orlov prospect in Green Canyon Block 200 achieved first oil in mid-January with an average production rate of approximately 4,000 boe gross, or 1,000 boe net. Talos owns a 30-percent working interest in Fieldwood Energy-operated Orlov.
  • Planning is underway to return to the BP-operated Puma West exploration well later this year with a slightly modified casing design to continue drilling the well through the main objective to a total true vertical depth of approximately 25,200 feet (7,681 meters). Drilling operations were recently suspended after setting casing below salt and reaching an approximate true vertical depth of 21,500 feet (6,553 meters). Talos, which owns a 25-percent working interest in Puma West, noted the lease term has been extended for three additional years through October 2022. BP holds a 50-percent interest and Chevron the remaining 25 percent.

“We are happy to see tangible results from Orlov by encountering another pay zone and achieving first oil within 12 months of initiating the subsea project,” commented Talos President and CEO Timothy S. Duncan. “In the Puma West prospect we are very encouraged by the drilling progress thus far and look forward to continuing drilling operations to the target zones when BP returns to the well later this year. Finally, we look forward to utilizing our recently contracted rigs to conduct a balanced campaign of short-cycle development and high-impact exploration activities.”

To contact the author, email mveazey@rigzone.com.



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.