Shell snaps up stake in key deep-water asset - Upstream Online

Upstream Online · last updated December 14, 2023 – 12:36 AM

Shell snaps up stake in key deep-water asset | Upstream Online

UK energy giant Shell is set to pick up a 20% additional stake from Japan’s Mitsui in the deep-water Kaikias field that is located in the US Gulf of Mexico.

Partner Mitsui on Thursday confirmed the deal and noted that the company has “decided to divest all of its interests owned through MOEX North America (a wholly owned subsidiary of Mitsui)", which holds a 20% interest in the Kaikias field.

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