Talos exceeds production plans

Gulf of Mexico-focused operator sees output soar as it lines up further exploration

US independent Talos Energy reported production above company expectations in Q2, a rare feat in an industry where most domestic E&Ps are still guiding flat output despite oil prices pushing above $70/bl and vaccines being successfully rolled out in Europe and the US. Average daily production reached 66,000bl/d oe for the quarter, at an average oil price of $64.28/bl, an increase of around 20.7pc over volumes recorded last year. Talos also reached first production at the Tornado Attic well in the Gulf of Mexico in mid-July, producing above the expected 8,000-10,000bl/d oe range. The company holds a 65pc interest in the field, with US operator Kosmos Energy holding 35pc.  “Our operations