HOUSTON and NEWCASTLE,
England, Oct. 18, 2021
/PRNewswire/ -- Talos Energy Inc. (NYSE: TALO) and TechnipFMC
(NYSE: FTI) (PARIS: FTI) 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.
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."
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."
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.
TALOS ENERGY INVESTOR RELATIONS CONTACT
Sergio Maiworm
+1.713.328.3008
investor@talosenergy.com
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This communication may contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended (the "Securities Act"), and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements,
other than statements of historical fact included in this
communication, regarding our strategy, future operations, financial
position, estimated revenues and losses, projected costs,
prospects, plans and objectives of management are forward-looking
statements. When used in this communication, the words "could,"
"believe," "anticipate," "intend," "estimate," "expect," "project,"
"forecast, "may," "objective," "plan" and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on our current expectations
and assumptions about future events and are based on currently
available information as to the outcome and timing of future
events.
We caution you that these forward-looking statements are subject
to numerous risks and uncertainties, most of which are difficult to
predict and many of which are beyond our control. These risks
include, but are not limited to, the success of the Company's
strategic alliance with TechnipFMC and other CCS ventures,
commodity price volatility, including the sharp decline in oil
prices beginning in March 2020, the
impact of the coronavirus disease 2019 ("COVID-19") and
governmental measures related thereto on global demand for oil and
natural gas and on the operations of our business, the ability or
willingness of the Organization of Petroleum Exporting Countries
("OPEC") and non-OPEC countries, such as Saudi Arabia and Russia, to set and maintain oil production
levels and the impact of any such actions, lack of transportation
and storage capacity as a result of oversupply, government
regulations and actions or other factors, inflation, lack of
availability of drilling and production equipment and services,
environmental risks, drilling and other operating risks, regulatory
changes, the uncertainty inherent in estimating reserves and in
projecting future rates of production, cash flow and access to
capital, the timing of development expenditures, the possibility
that the anticipated benefits of recent acquisitions are not
realized when expected or at all, including as a result of the
impact of, or problems arising from, the integration of such
acquisitions, and other factors that may affect our future results
and business, generally, including those discussed under the
heading "Risk Factors" in our Annual Report on Form 10-K for the
year ended December 31, 2020, filed
with the SEC on March 11, 2021 and
our Quarterly Report on Form 10-Q for the quarterly period ended
June 30, 2021, filed with the SEC on
August 4, 2021.
Should one or more of these risks occur, or should underlying
assumptions prove incorrect, our actual results and plans could
differ materially from those expressed in any forward-looking
statements. All forward-looking statements, expressed or implied,
are expressly qualified in their entirety by this cautionary
statement. This cautionary statement should also be considered in
connection with any subsequent written or oral forward-looking
statements that we or persons acting on our behalf may issue.
Except as otherwise required by applicable law, we disclaim any
duty to update any forward-looking statements, to reflect events or
circumstances after the date of this communication.
IMPORTANT INFORMATION FOR INVESTORS AND
SECURITYHOLDERS
Forward-Looking Statement
This release contains "forward-looking statements" as defined in
Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange
Act of 1934, as amended. The words "expect," "believe,"
"estimated," and other similar expressions are intended to identify
forward-looking statements, which are generally not historical in
nature. Such forward-looking statements involve significant risks,
uncertainties and assumptions that could cause actual results to
differ materially from our historical experience and our present
expectations or projections. For information regarding known
material factors that could cause actual results to differ from
projected results, please see our risk factors set forth in our
filings with the United States Securities and Exchange Commission,
which include our Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q, and Current Reports on Form 8-K. We caution you not to
place undue reliance on any forward-looking statements, which speak
only as of the date hereof. We undertake no obligation to publicly
update or revise any of our forward-looking statements after the
date they are made, whether as a result of new information, future
events or otherwise, except to the extent required by law.
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.
TechnipFMC
Contacts
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Investor
relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: Matt Seinsheimer
James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: James Davis
|
Media
relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: Nicola Cameron
Catie
Tuley
Director, Public
Relations
Tel: +1 713 876
7296
Email:
Catie Tuley
|
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SOURCE Talos Energy