For the full year 2024, Talos expects average daily production between 89 000 and 95 000 boe/d, an increase from the previous guidance of between 87 000 – 93 000 boe/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 US$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 1Q24, Talos expects average daily production between 78 000 – 80 000, an increase from the previous guidance of between 70 0000 – 72 000 boe/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.
