Shell Acquires 100% Working Interest In US Gulf Of Mexico Kaikias Field; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Shell Offshore Inc., a subsidiary of Shell plc, has acquired the remaining 20% working interest in the Kaikias field in the US Gulf of Mexico from MOEX North America LLC, a subsidiary of Mitsui & Co., Ltd. The terms of the acquisition were not disclosed.

December 13, 2023 | 10:21 pm
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Shell plc has increased its ownership in the Kaikias field to 100% by acquiring the remaining 20% from MOEX North America LLC, potentially enhancing its production capabilities and reserves.
The acquisition of the remaining 20% working interest in the Kaikias field by Shell is likely to be viewed positively by investors as it consolidates control over the asset and may lead to more efficient operations and potential growth in production. The lack of disclosed terms makes it difficult to assess the financial impact, but the strategic nature of the acquisition suggests a positive outlook for Shell's asset portfolio in the region.
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RELEVANCE 100