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2019-08-01 11:45:00

SHELL SELLS $0.965 BLN

SHELL SELLS $0.965 BLN

SHELL Jul 30, 2019 - Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico LLC (Equinor), a subsidiary of Equinor ASA, subject to approval of the lease assignments by the regulator. The total cash consideration was $965 million.

The transaction represents Shell's focus on strategically positioning the deep-water business for growth and is consistent with its strategy to pursue competitive projects that deliver value in the 2020s and beyond. The sale contributes to Shell's ongoing…

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Tags: SHELL, CAESAR-TONGA
Chronicle:
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