Shell to sell Gulf of Mexico assets for $425M
The Netherlands-based Royal Dutch Shell PLC (NYSE: RDS-A, RDS-B) plans to sell assets in the Gulf of Mexico to Houston-based EnVen Energy Ventures LLC, an affiliate of EnVen Energy Corp., for $425 million in cash.
The deal, which is expected to close in October, also includes royalty interests.
Shell Offshore Inc. will sell all of its record title interest in Green Canyon Blocks 114, 158, 202 and 248, referred to as the Brutus/Glider assets. Those assets include the Brutus Tension Leg Platform,...