Talos Energy Announces Successful Drilling Results at the Katmai West #2 Well in the U.S. Gulf of Mexico
Talos Energy (NYSE: TALO) announced successful drilling results at the Katmai West #2 well in the U.S. Gulf of Mexico. The well, completed under budget and ahead of schedule, reached a depth of 27,000 feet and discovered over 400 feet of gross hydrocarbon pay. Expected production is estimated at 15-20 thousand barrels of oil equivalent per day (MBoe/d) gross.
The success of both Katmai West wells has nearly doubled the Proved EUR to approximately 50 million barrels of oil equivalent (MMBoe) gross, supporting a total resource potential of about 100 MMBoe gross. Production is scheduled to begin in late Q2 2025, utilizing the Tarantula facility, which has been upgraded to handle 35 MBoe/d capacity. Talos holds a 50% working interest as operator, with Ridgewood Energy holding the remaining 50%.
Talos Energy (NYSE: TALO) ha annunciato risultati di perforazione di successo presso il pozzo Katmai West #2 nel Golfo del Messico, negli Stati Uniti. Il pozzo, completato sotto budget e in anticipo rispetto al programma, ha raggiunto una profondità di 27.000 piedi e ha scoperto oltre 400 piedi di produzione lorda di idrocarburi. La produzione attesa è stimata in 15-20 mila barili equivalenti di petrolio al giorno (MBoe/d) lordo.
Il successo di entrambi i pozzi Katmai West ha quasi doppio il Proved EUR a circa 50 milioni di barili equivalenti di petrolio (MMBoe) lordi, supportando un potenziale totale di risorse di circa 100 MMBoe lordi. La produzione è prevista per l'inizio della fine del secondo trimestre del 2025, utilizzando l'impianto Tarantula, che è stato aggiornato per gestire una capacità di 35 MBoe/d. Talos detiene un interesse operativo del 50%, mentre Ridgewood Energy detiene il restante 50%.
Talos Energy (NYSE: TALO) anunció resultados exitosos de perforación en el pozo Katmai West #2 en el Golfo de México, EE. UU. El pozo, completado bajo presupuesto y antes del cronograma, alcanzó una profundidad de 27,000 pies y descubrió más de 400 pies de pago bruto de hidrocarburos. Se estima que la producción esperada será de entre 15,000 y 20,000 barriles equivalentes de petróleo por día (MBoe/d) en bruto.
El éxito de ambos pozos Katmai West ha casi duplicado el Proved EUR a aproximadamente 50 millones de barriles equivalentes de petróleo (MMBoe) en bruto, apoyando un potencial total de recursos de aproximadamente 100 MMBoe en bruto. La producción está programada para comenzar a finales del segundo trimestre de 2025, utilizando la instalación Tarantula, que ha sido actualizada para manejar una capacidad de 35 MBoe/d. Talos tiene un interés operativo del 50%, con Ridgewood Energy deteniendo el 50% restante.
Talos Energy (NYSE: TALO)는 미국 멕시코만에서 Katmai West #2 우물의 성공적인 시추 결과를 발표했습니다. 이 우물은 예산 이하로, 일정보다 앞서 완료되어, 깊이 27,000피트에 도달하였으며, 400피트 이상의 총 탄화수소 매장이 발견되었습니다. 예상 생산량은 하루 15,000-20,000 배럴의 석유에 해당하는 양 (MBoe/d)으로 추정됩니다.
두 개의 Katmai West 우물의 성공으로 Proved EUR이 약 5천만 배럴로 거의 두 배 증가했습니다 (MMBoe) 이는 총 약 1억 MMBoe의 자원 잠재력을 지원합니다. 생산은 2025년 2분기 말에 Tarantula 시설을 사용하여 시작될 예정이며, 해당 시설은 35 MBoe/d 용량을 처리할 수 있도록 업그레이드되었습니다. Talos는 운영자로서 50%의 작업 이자를 보유하고 있으며, Ridgewood Energy는 나머지 50%를 보유하고 있습니다.
Talos Energy (NYSE: TALO) a annoncé des résultats de forage réussis au puits Katmai West #2 dans le golfe du Mexique, aux États-Unis. Le puits, achevé en dessous du budget et en avance sur le calendrier, a atteint une profondeur de 27 000 pieds et a découvert plus de 400 pieds de production brute d'hydrocarbures. La production attendue est estimée entre 15 000 et 20 000 barils équivalents pétrole par jour (MBoe/j) brut.
Le succès des deux puits Katmai West a presque doubler le Proved EUR à environ 50 millions de barils équivalents pétrole (MMBoe) brut, soutenant un potentiel total de ressources d'environ 100 MMBoe brut. La production devrait commencer à la fin du deuxième trimestre 2025, en utilisant l'installation Tarantula, qui a été mise à niveau pour gérer une capacité de 35 MBoe/j. Talos détient un intérêt opérationnel de 50%, Ridgewood Energy détenant les 50% restants.
Talos Energy (NYSE: TALO) hat erfolgreiche Bohrergebnisse am Bohrloch Katmai West #2 im Golf von Mexiko, USA, bekannt gegeben. Das Bohrloch wurde unter Budget und vor dem Zeitplan fertiggestellt, erreichte eine Tiefe von 27.000 Fuß und entdeckte über 400 Fuß Brutto-Hydrokohlenwasserstoffvorräte. Die erwartete Produktion wird auf 15.000 bis 20.000 Barrel Öl-Äquivalent pro Tag (MBoe/d) geschätzt.
Der Erfolg beider Katmai West Bohrlöcher hat das Proved EUR auf etwa 50 Millionen Barrel Öl-Äquivalent (MMBoe) Brutto nahezu verdoppelt und unterstützt ein Gesamtressourcenpotenzial von etwa 100 MMBoe Brutto. Die Produktion soll Ende Q2 2025 beginnen, wobei die aktualisierte Tarantula-Anlage mit einer Kapazität von 35 MBoe/d genutzt wird. Talos hält einen Betriebsanteil von 50%, während Ridgewood Energy die restlichen 50% hält.
- Well completed 35% under budget and over a month ahead of schedule
- Discovery of 400+ feet of gross hydrocarbon pay
- Expected production of 15-20 MBoe/d gross
- Proved EUR doubled to 50 MMBoe gross
- Upgraded Tarantula facility capacity to 35 MBoe/d
- None.
Insights
The drilling success at Katmai West #2 represents a significant technical achievement in deepwater Gulf of Mexico operations. The 27,000-foot true vertical depth well encountering over 400 feet of gross hydrocarbon pay with excellent reservoir properties is remarkably positive. The projected 15-20 MBoe/d production rate and doubled Proved EUR to 50 MMBoe gross demonstrates exceptional reservoir quality and commerciality.
The well's completion ahead of schedule and 35% under budget showcases superior operational efficiency, particularly notable given the complex deepwater environment. The planned tie-back to the upgraded Tarantula facility, with its 35 MBoe/d capacity, provides immediate infrastructure access and optimized production management. The rate-constrained production strategy should enhance ultimate recovery and extend field life through better reservoir management.
This discovery materially enhances Talos's production and reserve base. With 50% working interest in the field and 100% ownership of the Tarantula facility, Talos is well-positioned to capture significant value. The doubled EUR to 50 MMBoe gross (25 MMBoe net to Talos) represents substantial value addition, potentially worth
The under-budget execution provides immediate capital efficiency benefits, while the accelerated timeline to first production in Q2 2025 will positively impact near-term cash flows. The rate-constrained production strategy through the Tarantula facility should deliver steady, predictable cash flows with lower decline rates, supporting Talos's financial planning and capital allocation strategy.
Key Highlights
- The Katmai West #2 well was drilled significantly under budget and ahead of schedule to a true vertical depth of approximately 27,000 feet.
- Encountered the primary target sand full-to-base with over 400 feet of gross hydrocarbon pay and excellent rock properties in line with pre-drill expectations.
- Expected deliverability from the well is in line with pre-drill estimates of approximately 15 – 20 thousand barrels of oil equivalent per day ("MBoe/d") gross.
- The strong performance from Katmai West #1 well, and the successful appraisal from Katmai West #2 well, have nearly doubled the Proved EUR (estimated ultimate recovery) of Katmai West field to approximately 50 million barrels of oil equivalent ("MMBoe") gross, which further affirms the company's expected total resource potential of approximately 100 MMBoe gross.
- First production is expected in the late second quarter 2025.
The drillship West Vela began drilling the Katmai West #2 well in late October 2024. Talos plans to case and suspend the well by late January 2025 while the Company finalizes completion plans to be executed in the second quarter 2025. Production is expected to start later that same quarter. The well will be connected to the existing subsea infrastructure that flows to the Tarantula facility, which has been expanded to increase capacity to 35 MBoe/d. Talos anticipates the Katmai wells will be rate-constrained under the upgraded capacity, allowing for extended flat-to-low decline production from the facility. Talos, as operator, holds a
Talos's Interim Co-President, Executive Vice President and Head of Operations John Spath stated, "We are proud of our team for achieving these successful drilling results. Delivering this high-impact deepwater well, approximately
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on maximizing long-term value through its Upstream Exploration & Production business in
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Clay Jeansonne
investor@talosenergy.com
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PRODUCTION ESTIMATES
Estimates for our future production volumes are based on assumptions of capital expenditure levels and the assumption that market demand and prices for oil and gas will continue at levels that allow for economic production of these products. The production, transportation, marketing and storage of oil and gas are subject to disruption due to transportation, processing and storage availability, mechanical failure, human error, hurricanes and numerous other factors. Our estimates are based on certain other assumptions, such as well performance, which may vary significantly from those assumed. Therefore, we can give no assurance that our future production volumes will be as estimated.
RESERVE INFORMATION
Estimates of recoverable hydrocarbon volumes and related measures, including estimates of total resource potential, as presented herein are based on internal data prepared by the Company's management team in reliance on several assumptions. Reserve engineering is a process of estimating underground accumulations of oil, natural gas and NGLs that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify revisions upward or downward of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of oil, natural gas and NGLs that are ultimately recovered. In addition, we use the term expected "total recoverable resource" in this release, which is not a measure of "reserves" prepared in accordance with SEC guidelines or permitted to be included in SEC filings. These resource estimates are inherently more uncertain than estimates of reserves prepared in accordance with SEC guidelines.
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SOURCE Talos Energy
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