Back to overview Home Fossil Energy Shell offloads stakes in certain US Gulf deepwater oil assets for $1.7 billion Shell offloads stakes in certain US Gulf deepwater oil assets for $1.7 billion Business & Finance July 1, 2026, by Melisa Cavcic Share this article Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has struck deals to divest a non-operated working interest in certain oil assets in the Gulf of America (U.S. Gulf of Mexico). Na Kika platform; Source: BP Shell Offshore has agreed to sell its 50% non-operated working interest in the Na Kika platform and associated fields in the Gulf of America as well as its 100% owned Coulomb tie-back to subsidiaries of Talos Energy and Ridgewood Energy for a total consideration of $1.7 billion, subject to customary adjustments and certain contingent payments. Peter Costello , Shell’s Upstream President, commented: “The Gulf of America is one of our highest-value basins, and we are actively shaping our portfolio to ensure our Upstream business continues to be resilient and increasingly competitive. We remain focused on sustaining our material liquids production into the next decade.” BP, as the operator of Na Kika, holds the remaining 50% working interest. The transaction has an effective date of July 1, 2025, and is expected to close by the end of 2026, subject to regulatory approvals. Shell will receive uncapped upside-linked payments through 2027 and overriding royalty interests (ORRI) on production from new Na Kika tie-backs, subject to conditions. The company’s entitlement share of production from these assets was 37,000 barrels of oil equivalent per day in 2025. According to the firm’s modeling, Na Kika and Coulomb will not be meaningful contributors to production by 2030. The deal emphasizes that buyers will assume certain decommissioning obligations and provide security for such obligations. This content is available after accepting the cookies. Change cookie-settings View on Offshore-ene