(WO) – Energy company Talos Energy provided operational updates on Thursday, Dec. 6, regarding upstream activities in the Gulf of Mexico.

According to a company statement, Talos anticipates first production ahead of schedule by year-end 2023 for its Venice and Lime Rock discoveries, which will be tied-back to the Talos-owned and operated Ram Powell facility. Talos owns a 60% working interest in both wells.

Lime Rock and Venice are the first two deepwater exploitation wells in the company's open-water rig program, with expected production rates of 15,000-20,000 boed. Per the company’s website, Talos is “one of the largest independent operators in the U.S. Gulf of Mexico, with production operations, prospects, leases and seismic databases spanning the basin in both deep water and shallow water.”

Talos also reaffirmed its fourth quarter 2023 operational guidance. For the fourth quarter 2023, Talos expects average daily production of 66,500 – 68,500 boed.

Additionally, Talos expects the impact related to the Main Pass Oil Gathering pipeline shut-in to be immaterial to its fourth quarter 2023 results. Talos is among seven oil producers whose production has been shut-in since mid-November 2023 in the U.S. Gulf of Mexico as a result of the closing of the pipeline.