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Shell to Sell 50% Stake in Only Non-operated Platform in Gulf of America Under $1.7 Billion Deal

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Shell (SHEL.L, SHELL.AS) entered into a $1.7 billion agreement for the sale of its 50% non-operated interest in the Na Kika platform and associated fields in the Gulf of America, as well as 100% of the Coulomb tieback.

Through its Shell Offshore subsidiary, the oil and gas company is selling the interests to units of Talos Energy and Ridgewood Energy, according to a Tuesday release. The buyers will assume certain decommissioning responsibilities and security provisions as part of the deal.

Na Kika is Shell's only non-operated asset in the Gulf of America. BP (BP.L), as co-owner and operator of the semi-submersible platform, has preferential rights to acquire Shell's interest within 30 days at the terms agreed with Talos and Ridgewood.

The deal will take effect on Wednesday, with closing expected by the end of 2026, subject to regulatory approvals. The seller said its Shell Trading US Co. will retain offtake rights from the assets for sale through separate negotiated agreements with the buyers.

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