Talos Energy Inc. entered into a long-term strategic alliance with TechnipFMC to develop and deliver technical and commercial solutions to carbon capture and storage (CCS) projects along the U.S. Gulf Coast, the companies said in a joint release on Oct. 18.
“We are excited to announce this strategic alliance with TechnipFMC and to work collaboratively as we continue to execute on our strategy to scale our CCS business,” Bob Abendschein, executive vice president and head of operations at Talos, commented in the release.
Based in Houston, Talos is one of the U.S. Gulf of Mexico’s largest public independent producers. Earlier this year, the independent E&P company launched an initiative to target carbon capture and storage opportunities.
In August, Talos, alongside its partner Carbonvert Inc., was the sole winning bidder partnership for the Texas General Land Office’s Jefferson County, Texas carbon storage site located near Beaumont and Port Arthur, Texas. The company also formed an exclusive joint venture with Storegga Geotechnologies Ltd. in June to source, evaluate and develop CCS project opportunities on the U.S. Gulf Coast and Gulf of Mexico.
In its latest partnership announced Oct. 18, the company said the alliance will combine Talos’s offshore operational strength and sub-surface expertise with TechnipFMC’s extended history in subsea engineering, system integration and automation and control. It also further advances the companies’ leadership in the emerging Gulf Coast CCS market, building on Talos’s recent successful award as the operator of the only major offshore carbon sequestration hub in the U.S., according to the release.
“Combining the technical expertise of both companies solidifies our market leadership in delivering integrated CCS solutions to lower industrial carbon emissions and create a positive impact in the communities where we work and live,” Abendschein added.
Under the alliance, Talos and TechnipFMC will collaborate to progress CCS opportunities through the full lifecycle of storage site characterization, FEED and first injection through life of field operations. The partnership expects the alliance will accelerate offshore CCS adoption with reliable, specialized CCS systems.
“We are pleased to partner with Talos to deliver offshore CCS solutions that will help reduce CO₂ emissions during the energy transition,” Jonathan Landes, president of subsea at TechnipFMC, also commented in the release. “This alliance capitalizes on our collective expertise and TechnipFMC’s position as a system integrator and architect to deliver a reliable industrial-scale solution for CCS.”
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