Shell Closes $840 Million Sale of Interests in Na Kika Platform, Coulomb Tieback

11:24 PM EDT, 09/22/2026 (MT Newswires) -- Shell (SHEL.L, SHELL.AS) said Tuesday that it earned $840 million from completing the sale of a 50% non-operated working interest in the Na Kika semi-submersible platform and the 100%-owned Coulomb tieback in the Gulf of Mexico. The oil and gas company's Shell Offshore unit agreed in June to sell the interests to a Talos Energy subsidiary and a Ridgewood Energy affiliate for a total consideration of $1.7 billion. The agreement covers uncapped upside-linked payments through 2027, as well as conditional overriding royalty interests on production from new Na Kika tiebacks. Shell co-owned the Na Kika platform with BP (BP.L), which holds the operating interest. It expects both assets to cease meaningful contribution to its production by 2030.