Shell Divests Gulf Of Mexico Stake To Israel’s Delek Group For Nearly $1 Billion

Transaction Type
US Gulf Of Mexico; Green Canyon
Caesar-Tonga Field
Announce Date
Post Date
Estimated Price

To purchase Shell's 22.45% interest in the Caesar-Tonga, a deepwater oil field offshore LA in the US GoM currently producing 71,000 gross boe/d (90% oil). (Expected to close 3Q 2019)

Editor's note: This deal was terminated May 13, 2019, after Equinor ASA exercised preferential rights to acquire additional interest.