Shell to Sell Interest in Gulf of Mexico Platform in $1.7 billion Deal

By Adam WhittakerBritish energy major Shell said it would sell its 50% stake in the Na Kika platform and nearby fields for $1.7 billion.The assets in the Gulf of Mexico, which the U.S. now calls the Gulf of America, will be bought by subsidiaries of Talos Energy and Ridgewood Energy. The deal also…

By Adam Whittaker

British energy major Shell said it would sell its 50% stake in the Na Kika platform and nearby fields for $1.7 billion.

The assets in the Gulf of Mexico, which the U.S. now calls the Gulf of America, will be bought by subsidiaries of Talos Energy and Ridgewood Energy. The deal also includes Shell's 100% owned Coulomb tieback connection infrastructure .

Shell said late Tuesday that it expects to complete the deal by the end of the year.

British peer BP operates the Na Kika platform and will retain its stake after Shell sells up.

Shell received 37,000 barrels of oil equivalent a day from the assets in 2025.

Write to Adam Whittaker at adam.whittaker@wsj.com