Talos Energy has formed a joint venture with Storegga Geotechnologies to source, evaluate and develop carbon capture and storage (CCS) project opportunities on the United States Gulf Coast and Gulf of Mexico.
The partners will originate and mature CCS ventures with emitters, infrastructure providers, service companies and financing partners, among others. Although they will share costs 50/50 in the initial phases, Talos has been designated as the operating partner of the joint venture.
“We have a responsibility to deliver affordable, reliable energy with the lowest carbon footprint possible, and this joint venture allows us to expand our impact beyond our own assets to provide solutions for removing emissions from critical industrial sectors in our backyard,” said Timothy Duncan, president and CEO of Talos. “We are actively working on a host of ideas and are proud to be an exclusive operating partner with a recognized leader in the rapidly evolving CCS space.”