Shell completes sale of Gulf of America platform interest
Energy company Shell Offshore completed the sale of its 50 percent non operated working interest in the Na Kika platform and associated fields in the Gulf of America
Shell Offshore Inc., a subsidiary of Shell plc, has finalized the sale of its 50% non-operated working interest in the Na Kika platform and associated fields, as well as its 100% owned Coulomb tieback, in the Gulf of America. The transaction, which closed on July 1, 2025, resulted in Shell receiving approximately $840 million in cash proceeds after accounting for adjustments between the effective date and closing.
The assets were bought by a Talos Energy subsidiary and an affiliate of Ridgewood Energy. This sale is part of Shell's strategy to adjust its portfolio and maintain a resilient, competitive Upstream business. The press release contains forward-looking statements regarding Shell's future expectations and assumptions, acknowledging various risks and uncertainties that could cause actual results to differ from those expressed or implied.
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