Shell to sell interest in Gulf of America platform

Shell Offshore Inc., a subsidiary of Shell plc, has entered into an agreement to divest its 50% non-operated working interest in the Na Kika platform and related fields in the Gulf of America, along with its wholly owned Coulomb tieback asset. The assets will be acquired by subsidiaries of Talos Energy and Ridgewood Energy for a total transaction value of $1.7 billion, subject to customary adjustments and certain contingent payments.

“The Gulf of America is one of our highest-value basins, and we are actively shaping our portfolio to ensure our Upstream business continues to be resilient and increasingly competitive,” said Peter Costello, Shell’s Upstream President. “We remain focused on sustaining our material liquids production into the next decade.”

Shell's deep-water portfolio stands out for its scale, operational efficiency, and extensive infrastructure. The company remains the only international oil major with a leading presence in both the Gulf of America and Brazil—two of the world's most profitable and lowest-carbon offshore production regions.

The transaction is effective from July 1, 2025, and is expected to be finalized by the end of 2026, pending regulatory approvals.