Talos Energy farms into Repsol-operated Mexico Block 29 for contingent $30 million payment at FID
TALO•Talos farms into Repsol-operated Mexico Block 29
- Talos Energy agreed to farm into Repsol-operated Block 29 offshore Mexico, taking a 50% working interest in a pre-FID development.
- Deal terms include a contingent USD 30 million payment at FID, a cash carry of up to USD 20 million on the next exploration well, reimbursement of pre-closing costs.
- Block 29 includes the Polok and Chinwol discoveries, estimated at more than 200 MMBoe of gross recoverable resource.
- Partners target FID in 2027; closing requires approvals from SENER and Mexico’s national antitrust authority.
