Louisiana midstream company joins GoM CCS plan
SUMMARY
Crescent Midstream joins Repsol, Cox Oil in Carbon-Zero project.
By Dale LunanPOSTED IN:
Louisiana midstream company Crescent Midstream has joined Spain’s Repsol and private producer Cox Oil to develop what could become the largest carbon capture and storage (CCS) project in the Gulf of Mexico.
The plan, led by privately-owned CCS developer Carbon-Zero, would leverage Cox Oil’s extensive Gulf of Mexico infrastructure – more than 600 wells in 66 offshore fields potentially containing the largest inventory of carbon storage capacity held by a single company.
Carbon-Zero has submitted an application to the US Department of Energy’s CarbonSAFE programme to pilot one of its CO2 sequestration locations accessible from Crescent and Cox’s Grand Isle, Louisiana facilities.
Crescent has recently completed an initial front-end engineering and design (FEED) study for a 110-mile CO2 pipeline from Geismar to Grand Isle, utilising existing Crescent pipeline right-of-way.
“Crescent has the knowledge and experience to create and operate the vital connection between carbon dioxide emitters and sequestration providers,” Crescent Midstream CEO Jerry Ashcroft said. “Crescent also has one of the lowest carbon footprints of any oil and gas company and will achieve carbon neutrality at the beginning of 2023.”
