Shell to Sell Gulf of America Assets to Talos and Ridgewood for $1.7B
Shell has agreed to sell select assets in the Gulf of America to Talos Energy and Ridgewood Energy for $1.7 billion, including its 50% stake in the Na Kika platform and its full interest in the Coulomb tieback, according to sources.
Shell has reached an agreement to sell a portfolio of select assets in the Gulf of America to Talos Energy and Ridgewood Energy for $1.7 billion, according to sources familiar with the matter.
The transaction includes Shell's 50% stake in the Na Kika platform and its entire interest in the Coulomb tieback. The deal represents a strategic shift for Shell as it continues to optimize its upstream portfolio.
The buyers, Talos Energy and Ridgewood Energy, will acquire the assets as joint partners. The sale is subject to customary regulatory approvals and closing conditions.
Source: First Squawk