Talos Energy announced Wednesday it executed definitive lease documentation with the Texas General Land Office for its carbon capture and sequestration site.
The Bayou Bend CCS project, a venture with Talos Energy and Carbonvert, won its bid in August to establish a CCS project capable of sequestering 225 million to 275 million tonnes of carbon dioxide in its 40,000 acres near Beaumont and Port Arthur, Texas.
"We are pleased to reach definitive agreements with the State of Texas and look forward to making significant progress on this important CCS hub opportunity in 2022,” said Talos Energy chief executive Timothy Duncan.
“In the coming months we hope to identify anchor industrial partners for the Bayou Bend CCS project as well as a midstream transportation solution in the region.”
The US independent also announced it had created a strategic alliance with Core Laboratories to advance its CCS projects, including stratigraphic evaluation wells, reservoir core sampling, geological assessment, and rock and fluid sample analysis.
The company said this input is critical for Class VI well permit applications, which will have to go through the US Environmental Protection Agency.
"Capitalising on our respective subsurface expertise, this alliance strengthens our technical capabilities leading up to the filing of CO2 injection well permits this year and advances TLCS's (Talos Low Carbon Solutions) ability to deliver high-quality, end-to-end CCS solutions to customers across the Gulf Coast,” said Talos chief sustainability officer Robin Fielder.