- INEOS Energy is acquiring a 21% working interest in tieback assets near the Appomattox platform with Shell Offshore
- Partnership will target Shell's pre-FID Fort Sumter discovery and drilling of the Sisco exploration well
- A further exploration well is targeted by the end of 2030
Transaction
INEOS Energy and Shell Offshore have agreed a joint investment to explore and develop assets within tieback distance of the Appomattox platform in the Gulf of America; INEOS is acquiring a 21% working interest in these assets for an undisclosed amount, consistent with its stake in Appomattox, Rydberg, the Nashville discovery and the Mattox pipeline.
Exploration programme
Initial targets include Shell's pre‑FID Fort Sumter discovery, drilling the Sisco exploration well, and a further exploration well targeted by the end of 2030.
Strategic rationale
The arrangement is intended to leverage existing Appomattox infrastructure and pipeline links to accelerate tieback developments, share exploration risk and expand INEOS Energy’s upstream portfolio across the Gulf of America, Eagle Ford South Texas, offshore Denmark and the UK Continental Shelf.
Operational focus
Partners plan to integrate early production assets with pipeline infrastructure from the Appomattox host platform to commercialise incremental production and pursue further joint opportunities.
