LONDON – Premier Oil and partners Talos Energy and Sierra Oil & Gas were awarded two blocks last month under Mexico’s Round 1.
Both contain various leads in established and emerging plays. The location is in the shallow-water Sureste basin in the Gulf of Mexico.
Blocks 2 and 7 contain Tertiary clastic plays, typical of the Salinas sub-basin. The partners plan to acquire, evaluate, and reprocess 3D seismic data with a view to firm up drilling locations toward the end of 2016.
Premier currently has a 10% interest, but can elect to participate in the drilling program at an equity interest of up to 25%.
Operator Talos Energy is an independent E&P company focused on acquiring assets in and around the Gulf Coast and the Gulf of Mexico regions.
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