Shell confirmed this week it has completed the sale of its stake in the Anadarko-operated Caesar-Tonga development in the US Gulf, with Norway's Equinor having finalised its purchase after exercising its right of first refusal.
The total cash consideration was $965 million, the Anglo-Dutch supermajor said, covering its non-operated interest of 22.45%.
"The transaction represents Shell's focus on strategically positioning the deep-water business for growth and is consistent with its strategy to pursue competitive projects that deliver value in the 2020s and beyond," the company said.
