Shell completes sale of interest in Gulf of America platform
Shell completed the sale of its 50% non-operated interest in the Na Kika platform and its 100% owned Coulomb tieback in the Gulf of America, receiving approximately $840 million in cash proceeds. The buyers are a subsidiary of Talos Energy and an affiliate of Ridgewood Energy; total consideration at signing was $1.7 billion before adjustments, with Shell retaining uncapped upside-linked payments through 2027 and overriding royalty interests on new Na Kika tiebacks.
Key figures
- Deal Value Usd
- $1.7 billion (announced at signing)
- Cash proceeds
- approximately $840 million
- Working interest sold
- 50% Na Kika plus 100% Coulomb tieback
- Entitlement production 2025
- 37,000 boe/d
- Coulomb proved reserves 2025
- 7.2 million boe
- Na kika proved reserves 2025
- 4.3 million boe
AI analysis
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