Talos gets extension and more time for additional exploration in Mexico

Houston-based Talos Energy has received a two-year contract term extension as well as regulatory approvals for additional exploration activities on Block 7, located in the offshore portion of Mexico’s prolific Sureste Basin.

On September 4, 2019, the National Hydrocarbons Commission of Mexico (CNH) granted a two-year term extension under the Consortium’s production sharing contract for offshore Mexico Block 7, the first such extension granted to a private company in offshore Mexico, Talos said in a statement on Wednesday.

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