Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion

Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy and Ridgewood Energy, with the price tag at $1.7 billion, the supermajor said.

According to Shell’s partner in Na Kika, BP, the deepwater platform off the Louisiana coast is one of the most prolific production hubs in the Gulf, linked to eight fields, and can produce up to 130,000 barrels of crude daily.

Along with Shell’s 50% interest in Na Kika, Talos and Ridgewood will also buy the company’s interests in associated fields…