Shell sells 50% interest in Na Kika platform and Coulomb tieback to Talos Energy and Ridgewood Energy affiliate

Type: Sale · Technology: Oil Gas · Country: United States · Announced: 2026-09-23

Shell has completed the sale of its 50% non-operated interest in the Na Kika platform and associated fields in the Gulf of America, along with its wholly-owned Coulomb tieback, receiving approximately $840 million in cash at closing. The assets were acquired by a subsidiary of Talos Energy and an affiliate of Ridgewood Energy. The total consideration announced when the transaction was signed was $1.7 billion before customary adjustments and certain contingent payments. Shell will also receive uncapped upside-linked payments through 2027 and overriding royalty interests on production from new Na Kika tiebacks, subject to certain conditions. The assets accounted for 37,000 barrels of oil equivalent per day of Shell entitlement production in 2025.

Analysis

Shell sold its 50% non‑operated interest in the Na Kika platform and associated Gulf of America fields, together with the wholly‑owned Coulomb tieback, to a Talos Energy subsidiary and a Ridgewood Energy affiliate for approximately $840 million in cash at closing on 23 Sept 2026; the assets produced an entitlement of 37,000 boe/d for Shell in 2025. Shell is a global energy and petrochemical group that has announced a net‑zero transition strategy. Talos Energy and Ridgewood Energy are the acquiring parties, with Ridgewood Energy identified as a corporate buyer. The transaction includes uncapped upside‑linked payments to Shell through 2027 and overriding royalty interests on new Na Kika tiebacks, subject to conditions, and the original announced consideration was $1.7 billion before adjustments.

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