Skip to main content
  1. Home
  2. Offshore & subsea
  3. 19 Aug 19
  4. Equinor completes acquisition of Shell's stake in Caesar Tonga field in the US Gulf of Mexico

Equinor completes acquisition of Shell's stake in Caesar Tonga field in the US Gulf of Mexico

Published by , Editor
Oilfield Technology,

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/

You might also like

Choosing the right hose

Jonathan Petit, Trelleborg Oil and Marine, argues that, amid the surge in global oil demand, with Ship-to-Ship (STS) operations growing in popularity, choosing the right marine hoses will play a key role in delivering the cost efficiencies required to take full advantage of this opportunity.

 
 

Embed article link: (copy the HTML code below):