---
title: "Talos Energy farms into Repsol-operated Mexico Block 29 for contingent $30 million payment at FID"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293970584.md"
description: "Talos Energy has agreed to farm into Repsol-operated Block 29 offshore Mexico, acquiring a 50% working interest in a pre-FID development. The deal includes a contingent $30 million payment at Final Investment Decision (FID), up to $20 million cash carry for the next exploration well, and reimbursement of pre-closing costs. Block 29 holds over 200 MMBoe in gross recoverable resources from Polok and Chinwol discoveries. Partners target FID in 2027, pending regulatory approvals."
datetime: "2026-07-27T20:17:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293970584.md)
  - [en](https://longbridge.com/en/news/293970584.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293970584.md)
generator: "portal-rs"
---

# Talos Energy farms into Repsol-operated Mexico Block 29 for contingent $30 million payment at FID

-   Talos Energy agreed to farm into Repsol-operated Block 29 offshore Mexico, taking a 50% working interest in a pre-FID development. \* Deal terms include a contingent USD 30 million payment at FID, a cash carry of up to USD 20 million on the next exploration well, reimbursement of pre-closing costs. \* Block 29 includes the Polok and Chinwol discoveries, estimated at more than 200 MMBoe of gross recoverable resource. \* Partners target FID in 2027; closing requires approvals from SENER and Mexico’s national antitrust authority. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Talos Energy Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607271615PR\_NEWS\_USPR\_\_\_\_\_DA12605) on July 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**