Talos Vitality Inc. has found industrial portions of oil and fuel on the Katmai West #2 properly within the Ewing Financial institution space of the U.S. Gulf of Mexico.
The Katmai West #2 properly was drilled considerably beneath finances and forward of schedule to a real vertical depth of roughly 27,000 ft, Talos stated in a information launch. The properly “encountered the first goal sand full-to-base with over 400 ft of gross hydrocarbon pay and wonderful rock properties in keeping with pre-drill expectations,” the corporate acknowledged.
Talos stated it expects manufacturing in keeping with pre-drill estimates of roughly 15 to twenty thousand barrels of oil equal per day (MBoepd) gross. First manufacturing is predicted within the second quarter of 2025.
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Talos added that the sturdy efficiency from Katmai West #1 properly, and the profitable appraisal from Katmai West #2 properly, have practically doubled the proved estimated final restoration of Katmai West area to roughly 50 million barrels of oil equal (MMBoe) gross, which additional affirms its anticipated whole useful resource potential of roughly 100 MMBoe gross.
The drillship West Vela started drilling the Katmai West #2 properly in late October 2024. Talos stated it plans to case and droop the properly by late January whereas it finalizes completion plans to be executed within the second quarter. The properly can be linked to the prevailing subsea infrastructure that flows to the Tarantula facility, which has been expanded to extend capability to 35 MBoepd.
Talos interim Co-President, Government Vice President and Head of Operations John Spath stated, “We’re pleased with our staff for attaining these profitable drilling outcomes. Delivering this high-impact deepwater properly, roughly 35 p.c beneath finances and greater than a month forward of schedule, demonstrates our capacity to effectively execute complicated tasks whereas sustaining prime security and environmental requirements. We stay optimistic concerning the better Katmai space, as these outcomes align with our pre-drill expectations about its gross useful resource potential. We stay up for having this properly on manufacturing and consider it positions us for sturdy worth creation as we transfer ahead into 2025”.
Talos is the operator of the Katmai West area with a 50 p.c working curiosity, and entities managed by Ridgewood Vitality Company maintain the remaining 50 p.c. Talos is the one hundred pc proprietor and operator of the Tarantula facility.
In September 2024, Talos found industrial portions of oil and pure fuel on the Ewing Financial institution 953 (EW 953) properly. The EW 953 properly encountered roughly 127 ft of internet pay within the goal sand at roughly 19,000 ft true vertical depth (TVD), Talos stated in an earlier information launch.
Preliminary knowledge point out an estimated gross recoverable useful resource potential of roughly 15 to 25 MMboe from a single subsea properly with an preliminary gross manufacturing charge of 8,000 to 10,000 barrels of oil equal per day (boepd). First manufacturing is predicted in mid-2026, Talos acknowledged.
Talos holds 33.3 p.c working curiosity (W.I.) within the EW 953 properly, with Walter Oil & Gasoline Corp. because the operator, holding 56.7 p.c W.I., and Gordy Oil Firm holding 10 p.c W.I.
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