Shell, INEOS to collaborate on US Gulf opportunities
Key Highlights
- Shell and INEOS agreed to jointly invest in areas near the Appomattox platform in the US Gulf.
- This agreement will integrate the early production assets of Appomattox and Rydberg with existing pipeline infrastructure.
Shell Offshore Inc. and INEOS Energy agreed to jointly invest in exploration and development opportunities from areas in tieback distance to the Appomattox platform in the US Gulf.
INEOS is acquiring a 21% working interest for for an undisclosed amount, consistent with its ownership in Appomattox, Rydberg, the Nashville discovery, and the Mattox pipeline.
The initial investment focus will be on Shell's pre-FID Fort Sumter discovery, drilling of the Sisco exploration well, and a further exploration well targeted by end-2030.