Shell Completes Sale of Assets in Gulf of America Platform


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN)   Shell Offshore, a subsidiary of Shell, announced 
Tuesday (9/22) that it has completed the sale of its 50% non-operated working 
interest in the Na Kika platform and associated fields in the Gulf of America 
as well as its 100% owned Coulomb tieback.

   Shell received approximately $840 million in cash proceeds, reflecting 
adjustments between the effective date of July 1, 2025, and closing, a company 
statement said.  

   At the end of 2025, Shell proved reserves were 4.3 million barrels of oil 
equivalent (boe) for Na Kika and 7.2 million boe for Coulomb.

   The assets were acquired by a subsidiary of Talos Energy and an affiliate of 
Ridgewood Energy. BP, as operator of Na Kika, holds the remaining 50% working 
interest in Na Kika.

   Shell will receive uncapped upside-linked payments through 2027 and 
overriding royalty interests (ORRI) on production from new Na Kika tiebacks, 
subject to conditions. 

   For 2025, Shell entitlement share of production from these assets was 37,000 
barrels of oil equivalent per day. According to Shell's modeling, Na Kika and 
Coulomb will not be meaningful contributors to production by 2030.




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