Talos Energy has signed a deal with contractor TechnipFMC for a long-term strategic alliance to develop and deliver technical and commercial solutions to carbon capture and storage (CCS) projects along the US Gulf Coast. The alliance combines Talos’ offshore operational and subsurface expertise with TechnipFMC’s history in subsea engineering, system integration, and automation and control.
Under the alliance, the companies will collaborate to progress CCS opportunities through the lifecycle of storage site characterization, front-end engineering and design, and first injection through life-of- field operations. The partnership advances the companies’ position in the emerging Gulf Coast CCS market, building on Talos's recent award in June as the operator of the only major offshore carbon sequestration hub in the US.
In August, the partnership of Talos and Carbonvert was the sole winning bidder for the Texas General Land Office’s Jefferson County, Texas, carbon storage site located near Beaumont and Port Arthur, Texas. The operator’s bid was selected as the only successful proposal among 12 submissions and the Texas School Land Board unanimously approved awarding the lease to Talos and Carbonvert.
The project site encompasses a total land area of more than 40,000 gross acres and is located offshore in Texas state waters in the Gulf of Mexico. The site is 100% covered by Talos’ existing seismic database and is in close proximity to a large concentration of industrial emitters along the Texas and Louisiana Gulf Coast. Based on preliminary understanding of the rock and fluid properties of the saline reservoirs of the site, Talos expects it can ultimately sequester between 225 to 275 million metric tons of carbon dioxide from industrial sources in the area. Talos will be the operator of this project and continues to work with both landowners and emitters across the Gulf Coast to move forward additional CCS sites.
