Royal Dutch Shell, through its affiliate Shell Offshore Inc., has reached an agreement to sell 100 per cent of its interest in the Gulf of Mexico Green Canyon Blocks 114, 158, 202 and 248, referred to as the Brutus/Glider assets, to EnVen Energy Corp., through its affiliate EnVen Energy Ventures, LLC. In line with Shell’s global divestment plans, this transaction includes USD $425 million in cash. The deal is expected to close in October.
The Brutus/Glider assets include the Brutus tension leg platform (TLP), the Glider subsea production system, and the oil and gas lateral pipelines used to evacuate the production from the TLP. The Brutus/Glider assets have an estimated combined production of approximately 25,000 BOE/D (barrels of equivalent oil per day).