Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc (Shell), have completed the acquisition to increase their stake in the Ursa platform in the Gulf of America from 45.3884% to 61.3484%.
The news comes following the announcement of the signed agreement mid-February 2025. However, the deal was subject to regulatory clearance, preferential rights election and closing conditions.
The acquisition to grow their working interest is part of Shell’s strategy to invest in profitable and carbon-competitive oil and gas projects. with a strong integrated value chain. Deepening Shell’s interest in existing assets also contributes to maintaining stable liquids production from its advantaged Upstream business.
Courtesy Shell (plc)