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Shell to sell interest in Aera Energy to IKAV

Shell to sell interest in Aera Energy to IKAV

NEWS PROVIDED BY

Shell 

Sep 01, 2022, 16:35 ET

HOUSTONSept. 1, 2022 /PRNewswire/ — Shell Offshore Inc., a subsidiary of Shell plc, has agreed to sell its 100% interest in Shell Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV for a total consideration of approximately $2 billion in cash with additional contingent payments based on future oil prices, subject to regulatory approvalThe transaction has an effective date of October 1, 2021 and is expected to close in Q4 2022. read more

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