Shell Sells Na Kika Platform and Coulomb Field Assets in Gulf of America for $1.7 Billion

en.Wedoany.com Reported - Dimension News, Shell (SHEL.L) announced on Tuesday that it has agreed to sell its interests in the Na Kika platform and related fields in the Gulf of America, along with the Coulomb tieback pipeline, to subsidiaries of Talos Energy (TALO.N) and Ridgewood Energy (ZCFHCX.O) for a total transaction value of $1.7 billion. The effective date of the asset sale is July 1, 2025, and the transaction is expected to close by the end of 2026.

In 2025, these assets contributed a net production of approximately 37,000 barrels of oil equivalent per day to Shell. Shell stated that, according to its internal models, the Na Kika and Coulomb fields will no longer make a significant contribution to its production by 2030..

Talos Energy disclosed that its purchase price is $850 million, and after accounting for interim cash flows from the effective date, the final net cash consideration is expected to be between $450 million and $500 million. Upon completion of the acquisition, Talos will obtain a 50% working interest and operatorship of the Coulomb field, as well as a 25% non-operated interest in BP-operated Na Kika platform and the four associated fields: Kepler, Ariel, Fourier, and Herschel. In the first quarter of 2026, this interest corresponded to an average daily production of approximately 16,000 barrels of oil equivalent, of which about 77% was oil, and added approximately 23 million barrels of oil equivalent in proved reserves..

Na Kika, Shell's only non-operated platform in the Gulf of America, began production in 2003, while Coulomb started production in 2005. After the transaction, Shell will retain certain contingent payments, royalty interests in new Na Kika tieback projects, and offtake rights. BP, the operator of the Na Kika field, holds the remaining 50% interest and has a 30-day right of first refusal. As of the end of 2025, Shell's proved reserves in Na Kika and Coulomb were 4.3 million barrels of oil equivalent and 7.2 million barrels of oil equivalent, respectively..