Talos Energy to tie back new discoveries to Ram Powell

Talos Energy Inc. will tie back production from deepwater Lime Rock and Venice prospects to the Ram Powell platform in the Gulf of Mexico.

Commercial hydrocarbons were discovered in both prospects during sequential drilling operations in fourth-quarter 2022. Net pay of 78 ft was discovered in Lime Rock and 72 ft of net pay was discovered in Venice, and both have excellent geologic qualities, the company said in a release Jan. 3. Talos collected pressure, fluid, and core samples from the wells to confirm the discoveries.

Completion operations will be in second-half 2023, with first production from both wells by first-quarter 2024. The wells will produce through a shared riser system at Talos’s 100% owned and operated Ram Powell platform.

Expected combined gross production rates are 15,000-20,000 bo/d, in-line with pre-drill estimates. Combined gross recoverable resources are 20-30 MMboe, averaging 40% oil and 60% liquids.

Lime Rock was acquired in Lease Sale 256 in November 2020 and is about 9 miles from the Ram Powell platform. The Venice prospect was identified within the existing Ram Powell unit acreage about 4 miles from Ram Powell. Talos originally held a 100% working interest in both prospects prior to farmouts leaving 60% working interest. 

Lime Rock and Venice are the first two deepwater exploitation wells in Talos’s current open-water rig program which began in fourth-quarter 2022 and will continue in first-half 2023 with the Rigolets and Lisbon prospects, among others.

Separately, Talos expects results from its operated Mount Hunter development well and its non-operated Puma West exploration well in first-quarter 2023. The company's non-operated Pancheron exploration well is also expected to spud in first-half 2023.