Talos Energy Inc. has clinched another long-term strategic alliance, this time with TechnipFMC, to advance potential carbon capture and storage (CCS) projects on the Gulf Coast.
The new tie-up looks to combine the “operational strength and subsurface expertise” of Houston-based Talos with “TechnipFMC’s extended history in subsea engineering, system integration and automation and control.”
Talos’ Bob Abendschein, head of operations, said the partnership would help the company continue to “execute on our strategy to scale our CCS business. 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.”
The Talos partnership is designed to “deliver offshore CCS solutions that will help reduce carbon dioxide emissions during the energy transition,” said TechnipFMC’s Jonathan Landes, president, Subsea. “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.”
Talos, whose U.S. Gulf of Mexico development extends into Mexico waters, has been working to “redefine” the oil and gas business through CCS, CEO Timothy Duncan said in August.
Talos is setting up multiple alliances to advance its CCS strategy. Last June a partnership with Carbonvert Inc. was the sole winning bidder in a Texas General land Office sale for a CCS site in Jefferson County east of Houston. In June Talos also partnered with UK-based Storegga Geotechnologies Ltd., a CCS specialist, to “source, evaluate and develop” opportunities on the Gulf Coast, and offshore Alabama, Louisiana, Mississippi and Texas.
Talos and TechnipFMC plan to “progress CCS opportunities through the full lifecycle of storage site characterization, front-end engineering and design, and first injection through life of field operations.”
Tudor, Pickering, Holt & Co. said for Technip, the alliance “not only pairs the company up with one of the more forward-thinking operators when it comes to CCS in the U.S. Gulf of Mexico, but also one which is likely to have a growing pipeline of project opportunities in the years ahead.”
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