Recently Talos Energy along with project Zama discovered over 2 billion barrels of oil in the southern Gulf of Mexico. Much of the oil found in their block has been speculated to cross into Pemex’s (Mexico’s state-run oil company) adjacent block. In light of this, Talos Energy CEO Tim Duncan quickly discussed an immediate proposal to the Mexican government to form a partnership with Pemex. The partnership will allow each of the oil companies to be able to share their data with one another ultimately benefiting everyone.
Although partnerships aren’t rare in the business/oil industry a partnership with Pemex would be a rare move for the Mexican government. Since it’s establishment in the 1930’s, Pemex has held a position of not doing business with any private company. Although this decision allowed Pemex to flourish and grow to the levels of some of the worlds largest oil companies, allegations of corruption soon brought that to an end. Funds where cut almost to a third of their previous budget and Pemex profits and production began to decrease.
Despite this tradition, CEO Tim Duncan would reach out to President-elect Andres Manuel Lopez Obrador who has advocated during his campaign for president for the strengthening of Pemex. This would include bringing back funds and forming partnerships with outside entities to increase their production. The partnership was quickly accepted with Mexico’s oil regulator approving an appraisal plan to continue the Zuma project. Talos Energy themselves have invested an additional $325 million to begin drilling on two new wells. Drilling is expected to begin in late November of 2018 and should be producing over 150,000 barrels of oil by 2023. Although much of the fracture has not been agreed on, Tim Duncan says that this might be a good thing because it allows Talos Energy to continue their research in the area and generate stronger data before drilling begins.
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Since Stream Energy started their business, they knew they wanted to help their customers and give back to them no matter what they had to do. The company relied on what they could do to help others and they knew it was their opportunity to do the best job possible. Between their hard work and the experiences they could create for other people, the company saw the options they had as a chance to do things the right way. They also knew that the industry would constantly change so they had to prepare for that with all the options they offered their clients. Things would change and they’d be able to do more to help people with the difficult parts of their lives. With their help, others would have the chance to try things that would actually be able to help them in the future.
No matter how hard the company had to work or what they had to do to make things work the right way, Stream Energy knew they were doing everything they could for their clients. They focused on helping them so they wouldn’t have to worry about how they were going to give back or what they were going to do while they gave back. It made sense for them to always do things the right way. By the time the company helped other people with their energy needs, they could show others there were positive experiences that came from what they were doing.
After the industry standards changed, people began seeing them as a way for the company to continue offering things. While Stream Energy started offering philanthropic opportunities, they knew what their clients needed. It made sense for them to always give back and always give people the things they needed that would help them. Even after Stream Energy was featured on the Patch article, they realized they got more from different opportunities. It made sense for the company to keep doing things that would help people make a valuable connection with everything they did in the industry and for their clients who needed them.
Cotemar, S.A. de C.V. provides many varied services all connected to the specific needs of offshore oil fields. They provide maintenance and repair on platforms and the process center as well as semi-submersible platforms. Cotemar’s specialized vessels transport the structures required for new oil development, hauling abrasive materials in bulk such as mud, sand, or barite among others. Cotemar process and transport oil and other liquids taken from the platforms as well as providing fire fighting and spill containment services.
Employees of Cotemar live well out on the water due to the catered food, laundry, and living quarters available to them. Also recreational areas are provided that include movies, gymnasiums, ball courts and television rooms. Worker safety is the number one priority, but Cotemar sees to it their comfort is also well provided for.
Cotemar now utilizes a Wi-Fi-based, radio-frequency identification technology on four of their off-shore housing vessels providing support for PEMEX operations in the Gulf of Mexico. This I.D. system is geared for worker safety but proves its value in billing and employee efficiency gains as well. Everyone, employee or guest that boards the floatel and platform are given a card which is their key for moving around or obtaining services anywhere while on board.
The system provides real-time visibility that wasn’t available before. Now, when a worker is missing, tracking their movements using this technology helps find them without wasting valuable time looking in the wrong area. Some places can be dangerous for untrained personnel, and as another way to keep them safe, the tracking system is able to let employees or guests know Cotemar are in an off-limits section or room by their card/tag setting off an alarm.
Cotemar’s vessels are like small towns, and this way of looking after employees and keeping guests safe has become an invaluable management tool. Billing for services by the worker simply swiping their card makes accounting more efficient, and it also helps to lower operating expenses by preventing so much non-productive time. Workers don’t mind this, because above all, it is there to keep them safe.