Fossil Energy – Collaboration
INEOS Energy and Shell Offshore have agreed to invest together in exploration and development opportunities.
This will strengthen their collaboration and support long-term energy security in areas within tieback distance of the Appomattox platform in the Gulf of Mexico.
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.
The partnership will initially focus on three exploration and production opportunities:
The agreement supports INEOS Energy’s broader growth strategy, building on established positions in the Gulf of America, Eagle Ford South Texas, offshore Denmark, and the UK Continental Shelf, while further strengthening collaboration with Shell to pursue future growth and expansion opportunities.
INEOS Energy is committed to working together with Shell to unlock additional value from the Appomattox host platform. This agreement builds on a state-of-the-art facility, integrating the early production assets of Appomattox and Rydberg with existing pipeline infrastructure to deliver high-margin barrels.
David Bucknall, CEO of INEOS Energy, said: “Partnering with Shell on these opportunities is a natural step. We are focusing on areas close to existing infrastructure where we can move quickly, control costs, and unlock new production. This is disciplined growth targeting exploration, shared risk, and returns. These projects strengthen our portfolio and support long-term energy security.”
