Shell Completes $840 Million Sale of Na Kika Stake to Talos and Ridgewood

โดย PR Newswire·

Summary · why it matters

Shell Offshore Inc., a subsidiary of Shell plc, has completed its previously announced sale of a 50% non-operated working interest in the Na Kika platform and associated fields in the Gulf of America, along with its 100% owned Coulomb tieback, receiving approximately $840 million in cash proceeds after adjustments between the July 1, 2025 effective date and closing. The assets were acquired by a subsidiary of Talos Energy and an affiliate of Ridgewood Energy. The total consideration announced at signing was $1.7 billion before customary adjustments and certain contingent payments, and Shell will receive uncapped upside-linked payments through 2027 plus overriding royalty interests on production from new Na Kika tiebacks, subject to conditions. For 2025, Shell's entitlement share of production from these assets was 37,000 barrels of oil equivalent per day, and the company said Na Kika and Coulomb will not be meaningful contributors to production by 2030. BP, as operator of Na Kika, holds the remaining 50% working interest, and Shell Trading US Company will retain offtake rights through negotiated agreements with the buyers.