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SES - Shell Highlights - April 25 ,2019
Shell signed an agreement to divest its remaining 22.45% WI in Caesar-Tonga field to Delek Group for $965 million. The producing field lies 190 miles southwest of Louisiana in the Green Canyon area and contains eight wells flowing 68,000 boe/d (86% oil) gross and 78 MMboe (88% oil) of 2P reserves. Other partners, which hold preferential rights to buy Shell’s stake under the same terms as Delek, are operator Anadarko, Chevron and Equinor. The deal is expected to close by Sept.......
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