After almost 80 years, Mexico has allowed a private company to dig an offshore oil well which is in Mexican waters. This is another step that the country is taking as it allows foreign competitors to come back in the energy sector.
This is a joint venture. It includes Premier Oil PLC that is based in London. Besides Talos Energy LLC which is Houston-based. Next is the home company, Sierra Oil & Gas. The drilling of the well started on May 21. Till now all the offshore exploration wells were being done by the state-run Petroleos Mexicanos as it has a monopoly here. This had been happening since 1938 as the oil industry of the country had been nationalized then.
This is being called the Zama-1 well. It is based in the Sureste Basin. It is located just off the state of Tabasco. It holds nearly 100 to 500 million barrels of crude as per estimates. It will take nearly 90 days before the drilling gets completed. The entire project will be costing nearly $16 million. It was in 2015 that these three companies had won the rights for this prospect. This was during the first round of bidding that took place after Mexico had voted for opening its oil industry to the prospects of private investing.
This is an integral part of the energy reform process that is being undertaken by the country. Hence this activity is being keenly watched by all those who are involved in this industry in any way. In addition, the structure of its basin suggests that this project has a very high chance of success in terms of its geology.
Zama has huge implications for the oil energy market of Mexico. Talos Energy is well aware of it. Several analysts are looking at such kind of exploration wells that are being drilled in this sector.
Talos Energy is one of the operators of this well. It is the owner of 35% stake in this venture. The other partners include Sierra that holds 40% in the venture. Next is Premier that holds 25% in this joint venture.
About Mike Baur
Mike Baur is an accomplished entrepreneur with interest in startup acceleration programs. His life is an inspiration to many aspiring tech entrepreneurs. He is among the few individuals who have followed their passion and made a career out of it. While Mike Baur has encountered several challenges along the way, he has shown a sense of boldness in addressing business-related problems. He was born and grew up in Freiburg, Switzerland. Mike Baur has exceptional education credentials. He holds an MBA and Executive MBA from the University of Rochester and the University of Bern respectively. His passion for banking and finance began at the age of 16 years.
In 1991, Mr. Baur joined the Union Bank of Switzerland as a commercial apprentice. Shortly, he became a senior advisor at the bank. He would offer financial guidance to some of the renowned entrepreneurs in Switzerland. However, in 2008, Mike Baur left UBS for Clariden Leu. Here, he continued his streak of success for almost six years.
In 2014, Mike Baur decided to quit banking to follow his passion for startup companies. He was always passionate about mentoring aspiring tech start-ups in Switzerland. As a result, he joined forces with his two partners to form the Swiss Startup Factory, the Swiss leading ICT accelerator. Swiss Startup Factory is a platform company that helps Swiss tech entrepreneurs to access free mentorship and training. Besides, it offers financial support to help them implement their business ideas. Again, the Swiss Startup Factory provides them with an office space at Zurich to help them reach potential investors. Through training and mentorship, young tech entrepreneurs hone their managerial skills and extend their entrepreneurial horizon.
Participating in an entrepreneurial contest also helps aspiring entrepreneurs to share ideas and experiences. Mike Baur led Swiss Startup Factory through its partnership with CTI Invest to help advance the Swiss start-up space. Mike Baur once participated in an entrepreneurial contest organized by the St. Gallen University. As a result, Swiss Startup Factory grew to an award-winning organization. In an attempt to advance the Swiss startup space, Mike Baur further founded Think Reloaded. Think Reloaded offers advice regarding finances and investment to affluent clients. In 2016, Think Reloaded partnered with BV4, a specialist in estimating the monetary value of ideas, intellectual properties, and innovations. Mike Baur’s credibility and track record of leadership make him a reputable role model.
Bob Reina is a man that has not and never will back down from a challenge. If he sees a chance to improve something, make it work in a more efficient manner, or challenge himself and his co-workers, he is going to jump at that. He has talked very openly about looking for the next big thing when it comes to tech. He is the founder and CEO of Talk Fusion, which has been around since 2007. In the decade they have been around, they have clearly made their mark on the world, which is something that means a lot to Bob Reina. Ever since they started, he wanted to do something that was going to really make a difference. Read more: http://inspirery.com/bob-reina/
That is why he talks about looking for the next big thing. He knows the key for any company is the ability to keep challenging themselves and keep being on the lookout for what is out there and what exists. If they simply think they have it figured out and have all of the answers, they are dead wrong. There is always room for growth and room for improvement. That is not to say there is anything wrong with the product exactly, but it means that the truly great companies are ahead of the game instead of playing from behind.
Bob Reina was ahead of the game when he started Talk Fusion. He saw the way the world was going, and he knew it was up to him to do something about it. He was not just going to sit by and let it happen to people out there. He wanted to step up to the plate and knock it out of the park. Now, Talk Fusion has video newsletters, video emails, video conferences, and video chats. In addition to that, they are a company that is winning awards for their top-notch work in voice, data, and chat.Learn more : http://www.superbcrew.com/talk-fusion-delivers-award-winning-video-communication-products-and-video-marketing-solutions/
People are incredibly excited to see what 2017 brings for Talk Fusion. Bob Reina has talked about the best is yet to come and people would be wise to listen to him on that.