Otto Energy farms into Gulf of Mexico license
West Perth, North America-focussed Otto Energy has farmed into Talos Energy’s Green Canyon 21 (GC 21) lease in the Gulf of Mexico.
Otto said it would earn a 16.67% working interest in GC 21 through paying 22.22% of the cost of drilling of the Bulleit appraisal well in the lease.
Otto Energy said the well would be drilled by Talos using the Noble Don Taylor drillship, commencing in the mid-second quarter of 2019. First production is expected to be within 12-18 months from...