In its fourth quarter and full 12 months outcomes assertion, which was revealed this week, Talos Power revealed that it plans to drill a Daenerys appraisal properly later within the second quarter of 2026 “to additional outline the found useful resource”.
The Daenerys discovery, which was described within the outcomes as “thrilling” by Talos President and Chief Govt Officer Paul Goodfellow, was introduced in a press release posted on Talos’ web site on August 19, 2025.
“In August 2025, Talos introduced profitable drilling outcomes on the Daenerys exploration prospect situated on [U.S. Gulf] Walker Ridge blocks 106, 107, 150 and 151,” Talos highlighted in its newest outcomes assertion.
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“The invention properly was drilled to a complete vertical depth of 33,228 ft using the West Vela deepwater drillship and encountered oil pay in a number of high-quality, sub-salt Miocene sands,” it added, noting that the invention properly has been briefly suspended to protect its future utility.
“Talos is inspired by the outcomes of the Daenerys discovery properly, which confirms the presence of oil and validates Talos’ geologic and geophysical fashions,” it continued.
Talos is the operator of the discover and holds a 27 % working curiosity, the outcomes assertion factors out. Shell Offshore Inc. holds a 22.5 % stake, Purple Willow additionally holds a 22.5 % stake, Houston Power L.P. holds a ten % curiosity, HEQ II Daenerys LLC holds a 9 % curiosity, and Cathexis additionally holds a 9 % stake, the outcomes assertion highlights.
In a press release posted on its web site in August final 12 months, Talos mentioned the Daenerys discovery properly was drilled by the West Vela deepwater drillship and famous that it “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 knowledge to guage the reservoir. The properly was drilled roughly 12 days forward of schedule and delivered roughly $16 million beneath finances,” the corporate added on the time.
“Planning is underway for an appraisal properly to additional outline the found useful resource. The invention properly has been briefly suspended to protect its future utility,” it continued.
In that assertion, Goodfellow mentioned, “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 consider these outcomes help Talos’ pre-drill useful resource assumptions. We at the moment are working intently with our companions to design an appraisal program that can additional delineate this thrilling discovery. We anticipate spudding the appraisal properly within the second quarter of 2026,” he added.
In a press release despatched to Rigzone again in August final 12 months, Wooden Mackenzie mentioned the Daenerys discovery is a “recreation changer” for Talos within the Gulf of America [GoA].
“The corporate’s GoA portfolio was ageing, however Daenerys might add greater than 50 million of barrels of oil equal (mmboe) internet proved reserves,” Miles Sasser, senior analysis analyst, upstream, for Wooden Mackenzie mentioned in that assertion.
“That might improve its YE2024 proved reserves of 194 mmboe greater than 25 %,” he added.
“That is the corporate’s largest discovery thus far within the GoA. Whereas Talos has not launched volumes, a 200 mmboe discovery would make Daenerys GoA’s largest discover since Shell’s Whale in 2017,” Sasser continued.
Adrian Tjokro, analysis analyst at Wooden Mackenzie, mentioned within the Wooden Mackenzie assertion that the Daenerys discovery “might reshape the exploration technique for Gulf of America’s Walker Ridge space”.
“Whereas the Large Foot discovery marked the primary subsalt Miocene discover within the Walker Ridge margin, Daenerys confirms that the Subsalt Miocene development extends westward into the area and into an space that beforehand solely held Paleogene-aged fields,” Tjokro added.
“This success might set off a re-evaluation of the world for different ignored sub-salt Miocene potential after a multi-year absence of 100+ mmboe discoveries within the area,” Tjokro continued.
To contact the writer, e-mail andreas.exarheas@rigzone.com
