Talos Energy Achieves Major Success in Daenerys Exploration with New Oil Discoveries

Talos Energy's Successful Exploration at Daenerys

Talos Energy Inc. has made headlines with its successful drilling results at the Daenerys exploration prospect in the Gulf of America. Situated in the Walker Ridge blocks 106, 107, 150, and 151, the discovery is poised to bolster the company's robust portfolio.

The drilling operation utilized the advanced West Vela deepwater drillship, achieving a significant vertical depth of 33,228 feet. This ambitious endeavor resulted in the identification of oil pay zones within multiple high-quality, sub-salt Miocene sands. The well not only met but exceeded forecasts, being completed approximately 12 days ahead of the projected timeline and delivered around $16 million under budget—a remarkable feat in today's competitive energy landscape.

In order to thoroughly evaluate the reservoir's potential, a comprehensive wireline program was executed. This program involved the acquisition of core samples, fluid analysis, and log data, which are critical for assessing the reservoirs' productivity and longevity. Following this initial success, Talos plans to suspend the discovery well temporarily to maximize its future utility, with an eye towards further development.

The exploration success was highlighted by Talos’s President and CEO, Paul Goodfellow, who expressed enthusiasm over the discovery. He noted that the results not only confirm the presence of hydrocarbons but also validate the company's geological models used prior to drilling. The outcomes provide a strong foundation for Talos's pre-drill resource assumptions, igniting excitement as the company collaborates with its partners to outline an appraisal program designed to delineate the discovered resource more precisely.

In this partnership, Talos holds a significant working interest of 27%, while Shell Offshore Inc., Red Willow, and Houston Energy, among others, hold varying interests, contributing to a collaborative effort to explore and potentially exploit this new oil resource.

Looking ahead, the company is gearing up to spud an appraisal well by the second quarter of 2026. This appraisal will play an essential role in understanding the full potential of the Daenerys prospect, ultimately aiming to harness this discovery for commercial production.

About Talos Energy, it operates primarily in the Gulf of America and offshore Mexico, where it leverages extensive technical and operational expertise to explore and produce energy resources. This latest discovery aligns with Talos's strategic focus on maximizing long-term value while emphasizing safety, environmental responsibility, and community engagement. The company remains committed to driving innovative solutions in the energy sector.

Talos Energy is a publicly traded company (NYSE: TALO), and its rapid advancements speak to a promising future in the evolving landscape of energy exploration and production.