Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd (Delek). The total consideration for this deal is $965 million in cash.

The field is operated by Anadarko Petroleum Corporation, holder of the 33.75% interest. The remaining interest is distributed between Equinor (23.55%), Shell (22.45%) and Chevron (20.25%). The asset is tied back to Anadarko’s Constitution SPAR through subsea equipment.

Map: Chevron-Anadarko acquisition deck.

The Sales and Purchase Agreement is subject to certain conditions, including regulatory approvals. The transa...

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