May 05, 2026 [Reuters]- INEOS Energy said on Tuesday it will jointly invest in oil and gas exploration and development opportunities in the Gulf of Mexico with Shell Offshore, a subsidiary of Shell.
The exploration targets areas in tieback distance to the Appomattox platform in the gulf, INEOS said in a statement.
“INEOS is acquiring a 21% working interest in these assets for an undisclosed amount, consistent with its ownership in Appomattox, Rydberg, the recent Nashville discovery, and the Mattox pipeline,” it said.
The partnership will initially focus on three exploration and production opportunities, which include Shell’s Fort Sumter discovery, the drilling of the Sisco exploration well, and a further exploration well targeted by the end of 2030, INEOS said.
TankTerminals.com is a market research platform with not only manager-level contact details but also logistical, operational, infrastructural and shipping data of more than +10,100 tank terminals and +6,200 production facilities worldwide.
