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INEOS And Shell Agree To Progress New Oil And Gas Opportunities In The Gulf Of America | Ocean News & Technology
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INEOS And Shell Agree To Progress New Oil And Gas Opportunities In The Gulf Of America | Ocean News & Technology

Ocean News & Technology·Ocean News & Technology·25 days ago
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INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have agreed to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long-term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of America. INEOS is acquiring a 21% working interest for an undisclosed amount, consistent with its ownership in Appomattox, Rydberg, the recent Nashville discovery, and the Mattox pipeline. The agreement will initially focus on three exploration and production opportunities: Shell’s pre-FID Fort Sumter discovery Drilling of the Sisco exploration well A further exploration well targeted by the end of 2030 The agreement supports INEOS Energy’s broader growth strategy, building on established positions in the Gulf of America, Eagle Ford South Texas, offshore Denmark, and the UK Continental Shelf, while further strengthening collaboration with Shell to pursue future growth and expansion opportunities.…

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