UPDATE 1-Shell to sell Gulf of America assets to Talos Energy, Ridgewood for $1.7 billion

Talos Energy, Inc.
Shell Plc Sponsored ADR

Talos Energy, Inc.

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Shell Plc Sponsored ADR

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Adds deal details in paragraphs 2-3

June 30 (Reuters) - Shell SHEL.L said on Tuesday it had agreed to sell its interest in the Na Kika platform and associated fields in the Gulf of America, along with the Coulomb tieback to subsidiaries of Talos Energy TALO.N and Ridgewood Energy ZCFHCX.O for $1.7 billion.

The assets produced about 37,000 barrels of oil equivalent per day net to Shell in 2025. The company said the fields are not expected to be meaningful contributors to its production by 2030.

The transaction has an effective date of July 1, 2025, and is expected to close by the end of 2026.


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