Press release | October 18 2021 TechnipFMC and Talos Energy Enter Strategic Alliance to Provide Carbon Capture and Storage NEWCASTLE & HOUSTON, October 18, 2021--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) and Talos Energy Inc. (NYSE: TALO) announced today that they have entered into a long-term strategic alliance to develop and deliver technical and commercial solutions to Carbon Capture and Storage (CCS) projects along the United States Gulf Coast. The alliance combines Talos's offshore operational strength and sub-surface expertise with TechnipFMC's extended history in subsea engineering, system integration and automation and control.
Cultivated through a shared vision to responsibly deliver CCS solutions that will help to reduce the global carbon footprint, this innovative partnership will accelerate offshore CCS adoption with reliable, specialized CCS systems.
Under the alliance, the companies will collaborate to progress CCS opportunities through the full lifecycle of storage site characterization, front-end engineering and design (FEED), and first injection through life of field operations. This further advances the companies' leadership in the emerging Gulf Coast CCS market, building on Talos's recent successful award as the operator of the only major offshore carbon sequestration hub in the United States.
Jonathan Landes, President, Subsea at TechnipFMC, commented: We are pleased to partner with Talos to deliver offshore CCS solutions that will help reduce CO2 emissions during the energy transition. 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.
Bob Abendschein, Executive Vice President and Head of Operations at Talos, commented: We are excited to announce this strategic alliance with TechnipFMC and to work collaboratively as we 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.
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About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients' project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments - Subsea and Surface Technologies - we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI , iFEED and iComplete ), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients' success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven independent exploration and production company focused on safely and efficiently maximizing long-term value through its operations, currently in the United States and offshore Mexico, both upstream through oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. As one of the Gulf of Mexico's largest public independent producers, we leverage decades of technical and offshore operational expertise towards the acquisition, exploration and development of assets in key geological trends that are present in many offshore basins around the world. With a focus on environmental stewardship, we are also utilizing our expertise to explore opportunities to reduce industrial emissions through our carbon capture and storage collaborative arrangement along the U.S. Gulf Coast and Gulf of Mexico. For more information, visit www.talosenergy.com.
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