Talos Energy and TechnipFMC announced they have entered into a long-term alliance to develop and deploy solutions for the carbon capture (CCS) sector along the US Gulf Coast. 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.
Firstly, the alliance will advance opportunities through the full lifecycle of storage site characterization; from front-end engineering and design (FEED), and first injection through the life of field operations.
Moreover, the partnership came to be as the companies shared a vision of a decarbonized economy. They both wanted to help reduce the carbon footprint of the industry along its value chain and lifecycle. Therefore, the partnership will advance technical and commercial solutions for offshore CCS solutions with specialized CCS systems.
The aim of the partnership would be to strengthen the companies’ leadership within their fields, but also in the emerging CCS market along the US Gulf Coast. In fact, it further builds Talos Energy’s leadership after being awarded as the operator of the only major offshore carbon sequestration hub in the United States.
Furthermore, back in June, the Texas-based company announced a joint venture with Storegga focused on CCS. The JV also intends to allow both parties to search and mature separate operating agreements. Those would be financing structures, and the possibility of additional working interest partners.
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Both Talos Energy and TechnipFMC advancing low carbon solutions
On the other hand, TechnipFMC is a leading technology provider to both traditional and new energies. The company has a specialty in Subsea and Surface Technologies and on integrated technology ecosystems. Consequently, the partnership also expands TechnipFMC’s capabilities on carbon footprint reduction.
In fact, the company launched a study with EDP last year that intends to assess opportunities for hydrogen production offshore. The study will particularly focus on producing hydrogen offshore using wind turbine assets.
About the alliance with Talos, Jonathan Landes, President, Subsea at TechnipFMC, commented. “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.”
Finally, Bob Abendschein, Talos’ Executive Vice President, said. “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.”
