Shell to Divest Na Kika and Coulomb Assets for 1.7B


   
Maria Eugenia Garcia
DTN Energy Reporter

   HOUSTON, TX (DTN)  Shell Offshore has agreed to sell its 50% non-operated 
working interest in the Na Kika platform, located offshore Louisiana, as well 
as its wholly owned Coulomb tieback, located in the Mississippi Canyon area of 
the Gulf of America.

   According to a company statement released Tuesday (6/30), subsidiaries of 
Talos Energy and Ridgewood Energy will acquire the assets for  $1.7 billion, 
subject to customary adjustments and certain contingent payments.

   The Na Kika semi-submersible platform began production in 2003 and had 
proved reserves of 4.3 million barrels of oil equivalent (boe) at end of 2025. 
BP holds the remaining 50% working interest in this platform. Meanwhile, 
production from the Coulomb tieback began in 2005 with proved reserves of 7.2 
million boe at end of 2025.

   According to Shell's modeling, Na Kika and Coulomb will not be meaningful 
contributors to production by 2030.

   The transaction is expected to close by the end of 2026, subject to 
regulatory approvals.




(c) Copyright 2026 DTN, LLC. All rights reserved.