Shell completes $840 million sale of Gulf of America assets

Shell completed the sale of its stake in the Na Kika platform and associated fields to Ridgewood Energy and Talos Energy, receiving $840 million. Shell will receive additional payments and royalties. The deal supports Shell's portfolio reshaping. Na Kika produced 37,000 boe/day in 2025. Shell also acquired stakes in U.S. and Brazil exploration leases from BP, and made other U.S. investments and divestments.

Shell completed the $840m sale of its Gulf of Mexico platform interests to Talos Energy and Ridgewood Energy. The deal includes Na Kika and Coulomb assets, with Shell retaining offtake rights and potential upside payments. Shell's 2025 production from these assets was 37,000 boe/d, and it expects minimal contributions by 2030.

Shell completed the sale of its Gulf of America assets, including the Na Kika platform and Coulomb tieback, to Talos Energy and Ridgewood Energy for $840 million. The deal, initially valued at $1.7 billion, includes future payments and royalties. The assets produced 37,000 boe/d in 2025, with Shell's reserves at 4.3 million boe for Na Kika and 7.2 million boe for Coulomb.

Shell plc completed the sale of its 50% interest in the Na Kika platform and 100% in the Coulomb tieback in the Gulf of America to Talos Energy and Ridgewood Energy for $840 million. The deal includes future payments and royalty interests. Shell aims to reshape its portfolio, with the assets expected to be minor contributors by 2030. Shell's Deep Water business remains a key part of its strategy.

Shell completed the sale of its interests in the Na Kika Platform and Coulomb Tieback for $840 million. The transaction is part of Shell's strategy to divest non-core assets. The company's shares have seen a 5-day change of +0.62% and a year-to-date change of -3.90%.

Shell completed a $1.7 billion deal in the US Gulf, selling interests in the Coulomb tieback and BP-operated Na Kika platform to Talos Energy and Ridgewood Energy.