Talos Energy sees FY24 production 89.0-95.0 MBoe/d

For the full year 2024, Talos expects average daily production between 89.0 and 95.0 thousand barrels of oil equivalent per day, an increase from the previous guidance of between 87.0 and 93.0 MBoe/d. This updated guidance includes approximately ten months of QuarterNorth contributions, as well as expected planned downtime and risking for unplanned downtime and weather-related events. Full year 2024 Cash Expenses guidance includes approximately ten months of QuarterNorth and a full twelve-month impact of the EnVen transaction, compared to only approximately ten and a half months incurred in 2023. Talos expects approximately $15 million in expenses related to the Helix Producer I drydock and other associated maintenance. This guidance also includes multiple deepwater workover projects expected to increase and/or reinstate production. For the first quarter 2024, Talos expects average daily production between 78.0 and 80.0 MBoe/d, an increase from the previous guidance of between 70.0 and 72.0 MBoe/d. First quarter guidance includes March impacts of approximately one month of contribution from QuarterNorth, partial impact of the planned HP-I dry-dock shut-in and planned downtime at the Tarantula facility, impacting production from the Katmai field.