Skip to main content
  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
 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.
 

This article has been tagged under the following:

Upstream news Shell news Gulf of Mexico upstream news Offshore news US upstream news Oil & gas news