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To Learn More : twitter.com/agorafinancial?lang=en
Mexico for decades had banned foreign companies from exploring oil and gas in the Mexican water. The ban has however been lifted due to the dwindling fortunes in the Oil and Gas industry. Mexico has not been fully exploiting its natural resources to the fullest for the last 80 years, and as a result, the Oil and Gas sector has been ailing for years. The Mexican Parliament voted unanimously on a bill that will allow privately owned foreign companies to drill oil in Mexico. Oil and gas exploration in Mexico was nationalized by the government in the year 1938. The only company that was allowed to exploit oil and gas resources was the state-owned company Petroleos Mexicanos. Ever since no privately owned foreign company has ever been allowed to drill oil in the Mexican Waters.
In a historical Move three, privately owned companies won the prospective rights to explore and drill oil in Mexican waters. The three companies are Mexico’s Sierra Oil & Gas who are the largest shareholders owning 45 % of shares; the law requires that the largest stakeholder in such a venture should be a Mexican company. Sierras is followed by Talos Energy LLC with a 35% stake in the joint venture and is the Well operators. Premier Oil Plc is the other privately owned company in the exploration deal and holds a 25% stake.
ZAMA-1 well which is situated in the Surest Basin is the place where the exploration is going to take place and is estimated to hold between 100 million and 500 million barrels of crude oil. The drilling and exploration exercise is expected to take three months and is going to cost about 16 million dollars.
Being the first exploration to happen in 80 years it will be keenly watched by industry players in Mexico and globally. Researchers have projected a high chance of success since the basin is well structured.
About Talos Energy LLC
Talos Energy is a privately owned Oil and Gas firm that focuses on the exploration, exploitation, and drilling of oil and gas in areas, especially around the Gulf Coast. The company is headquartered in Houston Texas. Talos is renowned globally for having the best and most efficient state of the art equipment for drilling and exploring oil and gas.
Read More : www.talosenergyllc.com/about-us/
JHSF is a real estate company in Brazil that focuses on the development of high-end private and commercial projects such as office buildings, residential complexes and apartments, luxury hotels and restaurants, shopping malls, international airports and other major projects. The company was founded in 1992 by Fabio Auriemo and has since been on the front line in the pioneering ability to develop projects that are sustainable, innovative and of quality.
These strengths are the backbone of JHSF and have seen them rise into the leading real estate company in the whole of South America. The company’s headquarters are in Sao Paulo Brazil with other offices in Salvador and Manaus but its operations extend abroad into New York City and Uruguay. Their most outstanding projects abroad include Punta Del Este in Uruguay and the 815 on Fifth Avenue in New York City. The public holding company has in the recent years redirected its focus into the retail market after realizing the potential and profitability of the income recurring sector. Shopping malls development and management, upscale hotels and integrated urban development such as Caterina as some of the retail sectors that the company redirected focus on.
Jose Auriemo Neto, the chair of the board of directors, has been a monumental figure in the growth journey of the company. As the chief executive and chair of the company, he has been on the forefront for years to help the company on its way to becoming a giant in the industry. He took the reins from his father when he urged him to develop the Marginal Pinheiros which later proved to be an excellent move into the recurring income sector after they turned it into what is today known as Parque Cidade Jardim. It comprises of over one hundred and fifty unit’s shopping mall, nine residential units, many apartments, Fasano hotel branch and office buildings. The returns from the project are in billions of us dollars. JHSF Participacoes trades its shares on FBovespa and Mercado of BM stock exchange.
To Learn More : www.guiainvest.com.br/mural/jhsf3.aspx