First CCS well drilling offshore Texas

Feb. 29, 2024
Talos Energy provides updates on its offshore oilfield and CCS projects in the Gulf of Mexico in its latest results statement.

Offshore staff

HOUSTON Bayou Bend CCS LLC has started drilling an offshore and an onshore stratigraphic well for carbon sequestration, Talos Energy revealed in its latest results statement.

This is a joint venture (JV) between the company, Chevron and Equinor to develop a carbon capture and storage (CCS) facility in southeast Texas. It is also the first offshore stratigraphic well for CCS in US state waters, designed to potentially reduce emissions from local industries through sequestering captured CO2 permanently underground.

Harvest Bend CCS LLC, another JV between the company and Storegga in Louisiana, received administrative completeness status late last year from the EPA for two Class VI permit applications.

In the US Gulf of Mexico, early production rates from Talos’ Lime Rock and Venice fields, which came onstream in late 2023, are near the high end of expected ranges. The company expects to produce 20 MMboe to 30 MMboe from the two wells.

Earlier this month, Talos and Helix Energy Solutions Group completed a five-year agreement under which Helix will provide decommissioning services for offshore wells and infrastructure, mainly in the US GoM. Work is due to start in the second quarter.

Next month Talos expects to close the acquisition of QuarterNorth, a privately owned US GoM E&P company. This news was first announced in January.

02.29.2024

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