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Shell strikes $1.7 billion deal to offload deepwater stakes to US Gulf players Talos Energy, Ridgewood Energy sign transaction to take stakes in Na Kika, Coulomb. Shell is offloading some of its US Gulf interests to Houston operator Talos Energy and private equity firm Ridgewood Energy in a deal valued at $1.7 billion, the companies announced on Tuesday. The UK supermajor is selling its 25% interest in the BP-operated Na Kika platform and half of its stake in the Coulomb tieback to Talos and Ridgewood. Talos will also acquire operatorship of Coulomb. The Na Kika deal also includes interests in four associated fields: Kepler, Ariel, Fourier and Herschel, according to Talos. Talos and Ridgewood will each pay $850 million for the deal, according to a Talos filing with the US Securities and Exchange Commission (SEC). Talos plans to fund the acquisition through a combination of cash on hand and debt, including $150 million in new commitments from its lenders. The transaction is expected to close by the end of 2026. The Na Kika swap is subject to a 30-day approval window by BP. If BP rejects the sale, Talos and Ridgewood would only acquire an interest and operatorship in Coulomb. https://lnkd.in/euEV6v2E