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Talos Mississippi Canyon Well in Deepwater Ramps Near Top of Guidance, Ahead of Schedule

Houston-based Talos Energy Inc. said its Mount Providence well in the Gulf of Mexico deepwater has begun producing about two months ahead of schedule, with current gross production of 3,850 boe/d -- near the top of guidance.

The well was drilled in January by Stone Energy Corp. before it combined with Talos, management noted.

"It was nice to see the production rate come at the high end of our expectations,” said CEO Timothy S. Duncan. “Our team's preparation allowed us to take advantage of earlier rig availability to exceed expectations on timing…

“Using active subsea infrastructure and flowing back to our owned deepwater facility also helped generate attractive economics with very little incremental operating costs.”

Talos, which had guided the subsea well to produce initially at 2,000-4,000 boe/d, has hooked it up to its 100%-owned Pompano platform in Mississippi Canyon (MC), about 125 miles south of New Orleans. The well is in MC Block 028 at a depth of about 1,850 feet.

Talos now plans to execute “other opportunities in on our subsea tieback portfolio,” Duncan said.

The Pompano field, where Mount Providence is sited, was acquired in 2011 by Stone from BP plc. First oil was produced in October 1994, and the field has since produced more than 190 million boe gross, Talos said.

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