Talos Energy on Tuesday (15th Feb) confirmed the news, stating that it has reached an agreement for the acreage with a Louisiana-based landowner that also includes the right of first refusal on approximately 63,000 additional acres in the area for future expansion.
News of the acreage comes as Talos inks a Memorandum of Understanding (MoU) with EnLink Midstream to develop a complete carbon capture, transportation and sequestration solution for industrial-scale emitters in Louisiana.
Focused on the Mississippi River corridor, the partnership will utilise significant portions of EnLink’s existing regional pipeline infrastructure of approximately 4,000 miles in the River Bend CCS site.
Together, the announcements mark what is said to be the first major CCS project in the Baton Rouge/New Orleans area, knows as the River Bend CCS project, and the first with an integrated midstream solution dedicated to permanent sequestration activities.
Robin Fielder, Executive Vice-President of Low Carbon Strategy and Chief Sustainability Officer at Talos Energy, said, “We are excited to announce this significant agreement establishing a major CO2 sequestration hub along the Mississippi River along with the new transportation infrastructure collaboration with EnLink Midstream.”
“This combination of a large-scale, strategically located sequestration hub plus alignment across the value chain is positioned to deliver turn-key carbon removal solutions in one of the largest and most critical industrial regions in the US.”
Barry David, Chairman and CEO of EnLink, said, “We are proud to offer with Talos a complete CO2 capture, transportation and sequestration solution for customers in eastern Louisiana.”
“We plan to utilise our existing pipeline infrastructure and expertise in building midstream infrastructure to provide cost efficient transportation, while reducing the environmental impact compared to new pipeline construction.”