Western Midstream Partners signed a Letter of Intent with hydrocarbon exploration firm Occidental Petroleum Corporation’s subsidiary to develop CO2 capture, transportation, utilization and sequestration projects around their asset bases in Texas Delaware and Colorado DJ Basins with the aim to deliver low-carbon intensity oil and gas products to market.
Occidental Petroleum will explore the installation of carbon capture facilities on its upstream oil and gas activities and WES will explore installation those on its natural gas plants and other major gathering and treating facilities. WES will also provide CO2 transportation services from WES and Oxy carbon capture facilities to Occidental Petroleum’s CO2 offtake delivery locations.
Occidental Petroleum will design, own and operate new and existing CO2 offtake facilities for enhanced oil recovery, sequestration and other utilization activities. Both the firms will also consider providing these services to other point source emitters.
“This collaboration further strengthens the long-standing relationship between Oxy and WES, and we are pleased to work together to progress Oxy’s carbon management activities in the Delaware and DJ Basins,” said Michael Ure, WES President and Chief Executive Officer. “WES and Oxy are uniquely positioned to continue leveraging our extensive asset base to satisfy growing global energy demand while creating a world-class carbon capture management system.”
See EnergyTech's full coverage of Carbon Capture projects as part of the C&I Energy Transitions
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