Talos Energy last night announced oil production from the Mt. Providence well, approximately 60 days ahead of the originally scheduled completion date in early September.
Current gross production of 3,850 barrels of oil equivalent per day (BOE), which is near the top of the previously announced guidance range of 2,000 to 4,000 BOE.
The Mt. Providence well was successfully drilled in January 2018 by Stone Energy Corporation after entering into, but before closing, the combination with Talos.
The combined Talos team completed the well and hooked it up to the 100% Talos owned Pompano platform in the Company’s Mississippi Canyon complex within six months of concluding drilling operations.
President and chief executive officer Timothy S. Duncan, said: “We are extremely pleased with the results achieved in the Mt. Providence well. It was nice to see the production rate come at the high end of our expectations. Our team’s preparation allowed us to take advantage of earlier rig availability to exceed expectations on timing. With a six month turnaround from completing drilling operations to first production, the team executed this project well ahead of schedule.
“Using active subsea infrastructure and flowing back to our owned deepwater facility also helped generate attractive economics with very little incremental operating costs. We will continue to focus on safely and efficiently executing other opportunities in on our subsea tieback portfolio.”