The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oilfield from Shell Offshore Inc for a total consideration of US$965 million in cash.
Equinor’s interest in the field is now 46%.?Anadarko Petroleum Corp. is the operator with a 33.75% interest, and Chevron holds 20.25% interest.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/19082019/equinor-and-shell-complete-acquisition-of-stake-in-caesar-tonga-field-in-the-us-gulf-of-mexico/
Shelf Drilling has announced that it has secured a two-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez, offshore Egypt.