The Daenerys discovery is a sport changer for Talos within the Gulf of America (GoA).
That’s what Wooden Mackenzie mentioned in a notice despatched to Rigzone by the Wooden Mackenzie group this week, including that the discover might add greater than 50 million barrels of oil equal to Talos’ web proved reserves.
“For Talos, the invention is a sport changer,” Wooden Mackenzie Upstream Senior Analysis Analyst Miles Sasser mentioned within the notice.
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“The corporate’s GoA portfolio was ageing, however Daenerys might add greater than 50 million… barrels of oil equal [to] web proved reserves. That might improve its YE2024 proved reserves of 194 million barrels of oil equal greater than 25 p.c,” he added.
“That is the corporate’s largest discovery so far within the GoA. Whereas Talos has not launched volumes, a 200 million barrel of oil equal discovery would make Daenerys GoA’s largest discover since Shell’s Whale in 2017,” he continued.
Within the notice, Wooden Mackenzie highlighted that the invention properly was drilled to a complete vertical depth of 33,228 toes and identified that it was completed 12 days early and $16 million underneath funds, “demonstrating robust operational execution by the Talos-led consortium”.
Wooden Mackenzie said within the notice that its preliminary prospect valuation suggests peak manufacturing might attain 65,000 barrels per day. The corporate added within the notice that the invention “marks a strategic shift for Talos, which has historically centered on lower-risk infrastructure-led exploration (ILX) tasks”.
“Past Daenerys, the corporate has two further massive exploration tasks in its pipeline – Enterprise and Hershey – each with pre-drill estimates exceeding 100 million barrels of oil equal every, signaling Talos’ embrace of a extra aggressive high-impact exploration technique,” Wooden Mackenzie mentioned within the notice.
Mixed with BP’s Far South discovery in April, 2025 is the perfect 12 months for exploration success on a volumes found foundation since 2020, Sasser famous in Wooden Mackenzie’s launch.
“The timing is especially vital with December’s lease sale approaching,” Wooden Mackenzie Analysis Analyst Adrian Tjokro mentioned within the notice.
“The invention proves there are nonetheless main prizes to be discovered within the sub-salt Miocene, probably intensifying competitors within the Walker Ridge space as corporations look to capitalize on favorable royalty phrases,” Tjokro added.
“The Daenerys discovery might reshape the exploration technique for Gulf of America’s Walker Ridge space,” Tjokro continued.
“Whereas the Massive Foot discovery marked the primary subsalt Miocene discover within the Walker Ridge margin, Daenerys confirms that the Subsalt Miocene pattern extends westward into the area and into an space that beforehand solely held Paleogene-aged fields,” the analysis analyst famous.
“This success might set off a re-evaluation of the world for different neglected sub-salt Miocene potential after a multi-year absence of 100+ million barrels of oil equal discoveries within the area,” Tjokro went on to state.
Rigzone has contacted Talos for touch upon Wooden Mackenzie’s notice. On the time of writing, Talos has not responded to Rigzone.
In a launch posted on its web site on August 19, Talos introduced “profitable drilling outcomes on the Daenerys exploration prospect positioned within the U.S. Gulf of America Walker Ridge blocks 106, 107, 150, and 151”.
“The invention properly … encountered oil pay in a number of high-quality, sub-salt Miocene sands. A complete wireline program was carried out, buying core, fluid, and log information to judge the reservoir,” Talos highlighted within the launch.
“Planning is underway for an appraisal properly to additional outline the found useful resource. The invention properly has been quickly suspended to protect its future utility,” it added.
Talos President and Chief Government Officer Paul Goodfellow mentioned in that launch, “we’re inspired by the outcomes of our Daenerys discovery properly, which confirms the presence of hydrocarbons and validates our geologic and geophysical fashions”.
“We imagine these outcomes assist Talos’ pre-drill useful resource assumptions. We at the moment are working intently with our companions to design an appraisal program that may additional delineate this thrilling discovery. We anticipate spudding the appraisal properly within the second quarter of 2026,” he added.
In an announcement posted on its web site again in April, BP introduced an oil discovery on the Far South prospect within the deepwater U.S. Gulf of America.
“Each the preliminary properly and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs,” BP mentioned in that assertion.
“Preliminary information helps a probably industrial quantity of hydrocarbons,” the corporate added.
The U.S. Division of the Inside’s (DOI) Bureau of Ocean Vitality Administration (BOEM) web site states that the DOI beforehand introduced in a Proposed Discover of Sale that it might maintain Gulf of America Lease Sale 262 on December 10, 2025.
“Nevertheless, given the brand new necessities of the One Massive Stunning Invoice Act (OBBBA), Lease Sale 262 is being deferred whereas the Division focuses on implementing the OBBBA’s required leasing provisions, which provoke a multi-year leasing program extending by March 2040,” the location provides.
“BOEM intends to carry the primary required lease sale, GOA Lease Sale Massive Stunning Gulf 1 (BBG1), on Dec.10, 2025, the identical day that Lease Sale 262 was initially scheduled to happen,” it continues.
Chevron U.S.A. Inc. introduced the Massive Foot discovery in January 2006, in keeping with a truth sheet posted on Chevron’s web site. The Chevron-operated Massive Foot offshore platform lies 225 miles south of New Orleans, Louisiana, Chevron highlights on its web site. Whole estimated recoverable reserves at Massive Foot are as much as 200 million barrels of oil equal, the location outlines.
To contact the creator, e mail andreas.exarheas@rigzone.com
