Two September deals by Talos Energy Inc. with BP Plc and Exxon Mobil Corp. highlight the level of trust the Houston-based independent oil and gas company has established as a U.S. Gulf of Mexico (GoM) operator.

In a farm-out agreement with BP, Talos traded 75% of its working interest in Green Canyon Block 821 while BP operates the Puma West project. The deal means Talos’ prospect will be within range of BP’s Argos platform, which will add production capacity of 140,000 barrels of oil equivalent per day by 2021. The agreement does not require Talos to promote or carry well costs, but the company will pay for its 25% working interest share in the wells’ cost.

Talos also acquired 100% working interests in Exxon Mobil’s Hershey prospect, located on Green Canyon Blocks 326, 327, 370 and 371. The deal requires no upfront money from Talos.

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