TALOS ENERGY INC. 8K

Talos Energy Inc. entered into a definitive agreement to farm into a 50% working interest in offshore Mexico Block 29 from Repsol, with contingent payments and carries, subject to Mexican regulatory approvals and targeting FID in 2027.

On July 27, 2026, Talos Energy Inc. announced that it entered into a definitive farm-in agreement to acquire a 50% working interest in Block 29, a pre-final investment decision offshore Mexico development operated by Repsol S.A., which includes the Polok and Chinwol oil discoveries estimated at over 200 MMBoe of gross recoverable resources and multiple additional exploration prospects. Under the transaction terms, Talos will make a contingent $30 million payment upon electing to take final investment decision, provide a cash carry of up to $20 million on the next exploration well, and reimburse certain pre-closing costs, with closing subject to customary conditions and approvals from Mexico’s Secretaría de Energía (SENER) and the National Anti-trust Commission. Following closing, Talos and Repsol will be the sole participants in Block 29 and expect to progress the project toward FID in 2027, with Talos highlighting the transaction as a strategic expansion of its offshore Mexico portfolio, leveraging its deepwater expertise and positioning an FPSO-based development as a hub for future regional growth.

Filing Facts

CIK

1724965

Ticker

-

Form

8K

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sec

Accession

0001193125-26-318158

Alert Tier

7