Talos Energy has successfully started oil and natural-gas production at Talos's Lime Rock and Venice discoveries, located near its 100 percent owned and operated Ram Powell platform in the U.S. Gulf of Mexico. Talos owns a 60 percent working interest in both wells.
The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of more than 18,500 barrels of oil equivalent per day, averaging about 45 percent oil and 55 percent liquids. The estimated combined gross ultimate recoverable resources of these two discoveries are approximately 20 million to 30 million barrels of oil equivalent.
The Lime Rock prospect was acquired in Lease Sale 256 in November 2020 and is approximately seven miles from the Ram Powell facility. The Venice prospect was identified within the existing Ram Powell unit acreage approximately three miles from the Ram Powell facility. Talos initially held a 100 percent working