Talos Energy announces formal execution of carbon capture lease site

Offshore staff

HOUSTON – Talos Energy Inc. has announced that Bayou Bend CCS LLC, Talos’s venture with Carbonvert, Inc., executed definitive lease documentation with the Texas General Land Office (GLO), formalizing the previously announced carbon capture and sequestration (CCS) site located offshore Jefferson County, Texas, near the Beaumont and Port Arthur, Texas industrial corridor.

Talos separately announced that it had established a CCS strategic alliance with Core Laboratories N.V. to provide technical evaluation and assurance services for CCS subsurface analysis, including the company’s upcoming 2022 stratigraphic evaluation wells.

On March 11, 2022, the venture had jointly executed lease documentation with the GLO establishing the first ever major offshore carbon sequestration site in the United States. The lease comprises more than 40,000 acres immediately adjacent to the Beaumont and Port Arthur, Texas industrial corridor and maintains an estimated sequestration capacity of 225 – 275 million metric tons of CO₂. The project will be known as Bayou Bend CCS. Talos will be the operator and hold a 50% equity interest.

Separately, on March 5, 2022, Talos Energy established a technical alliance with Core Lab to advance CCS site characterization, including stratigraphic evaluation wells, reservoir core sampling, geological assessment and rock and fluid sample analysis, all of which are critical inputs for EPA Class VI permit applications. Talos says that the alliance provides a framework for future collaboration around transparent CO₂ stream monitoring and verification. Core Lab is a global provider of reservoir description and enhancement products and services and currently partners with Talos on numerous upstream subsurface activities.

03/16/2022