Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy and Ridgewood Energy for $1.7 billion.
The Na Kika platform, located off the coast of Louisiana, is one of the most prolific production hubs in the Gulf, linked to eight fields and capable of producing up to 130,000 barrels of crude daily.
Peter Costello, president of Shell's Upstream division, stated that the Gulf of America is one of their highest-value basins, and they are actively shaping their portfolio to ensure their Upstream business remains resilient and increasingly competitive.
Shell aims for a 1% annual growth rate in its oil and gas output by 2030.
