Houston-based independent exploration and production giant, Talos Energy Inc. (NYSE: TALO), announced the appointment of John Spath as Executive Vice President and Head of Operations, effective immediately. In this key role, Mr. Spath will spearhead the company's upstream business operations, succeeding the outgoing Executive Vice President and Chief Operating Officer, Robert "Bob" Abendschein.
John Spath EVP
John Spath brings over 28 years of industry expertise to the position, having previously served as Senior Vice President of Operations at Talos Energy. His career trajectory within the company includes pivotal roles such as Senior Vice President of Drilling and Production Operations, Vice President of Production Operations, and Drilling Manager since joining in 2013.
Prior to his tenure at Talos, Spath showcased his engineering acumen during his eight-year stint at Marathon Oil Corporation and as a Process Engineer at McDermott. His expertise extends to offshore projects where he led various roles, including Facilities Engineer, Production Foreman, and Deepwater Drilling Engineer.
Talos Energy's President and Chief Executive Officer, Timothy S. Duncan, expressed confidence in Mr. Spath's ability to drive the company's operations forward. "John has a demonstrated track record and experience at Talos and has earned the respect of his peers in Talos and the industry. We are confident he will do a great job," Duncan stated.
The appointment comes at a pivotal time for Talos Energy, which recently released its annual Sustainability Report and Task Force on Climate-related Financial Disclosures ("TCFD") Report for the 2022 calendar year. These reports underline Talos's unwavering commitment to sustainability and governance, aligning with leading frameworks such as the Sustainability Accounting Standards Board, Global Reporting Initiative, United Nations' Sustainability Development Goals, and TCFD.
Robin Fielder, Executive Vice President of Low Carbon Strategy and Chief Sustainability Officer, expressed enthusiasm about the progress made in sustainability efforts. "Our strategy is focused on delivering conventional energy resources and low-carbon solutions in a safe, reliable, environmentally responsible, and profitable way," Fielder stated.
Talos Energy Reports
Key highlights from Talos Energy's Sustainability and TCFD Reports include a ~30% reduction in Scope 1 GHG emissions intensity ratio for 2022, a ~64% reduction in Scope 2 greenhouse gas emissions from 2018 to 2022, and a commitment to further reduce emissions by 15% by 2030. Talos has also achieved the Lowest Total Recordable Incident Rate in its history in 2022 and secured carbon capture projects supporting an estimated 1.7 billion tons of gross prospective storage resources.
Beyond these achievements, Talos Energy stands out for its dedication to responsible practices, evident in its transition to a declassified Board in 2023, achieving an "A" rating in the MSCI ESG Ratings assessment, and receiving the 2023 Hart Energy ESG Award for Public Producer.
Celebrating its five-year anniversary on the New York Stock Exchange, Talos Energy continues to be a beacon of responsibility in the energy sector. The company's commitment to sustainability is deeply embedded in its operational DNA, setting a precedent for responsible and efficient energy production.
For a more in-depth look into Talos Energy's sustainable practices and operational excellence, explore the detailed reports at www.talosenergy.com/sustainability.