Shell Nets $840M as Talos, Ridgewood Close Na Kika Divestment
Houston – September 22, 2026 -- Shell Offshore Inc. has closed the sale of its 50% non-operated stake in the Na Kika platform and its wholly owned Coulomb tieback in the Gulf of America, collecting approximately $840 million in cash proceeds after adjustments tied to a July 1, 2025 effective date.
Talos Energy and Ridgewood Energy affiliates take over Gulf of America assets
A subsidiary of Talos Energy and an affiliate of Ridgewood Energy acquired the interests, which were originally valued at $1.7 billion in total consideration at signing before customary adjustments and contingent payments. BP, which operates Na Kika, retains the remaining 50% working interest in the platform.