Equinor has exercised preferential rights to acquire an extra 22.45% in the Anadarko-operated Caesar Tonga oilfield (Green Canyon) from Shell for USD 965 MM cash, lifting its stake to 46%. Partner Chevron. The deal will be retro-effective 1 Jan â19, with closing subject to customary approvals. Map extract below courtesy Equinor:
Equinor has disrupted Delek Group's planned US$965 MM agreement to buy Shell's stake in Caesar-Tonga oilfield asset by exercising its own preferential rights. Equinor has agreed to take over Shell's 22.45% interest. The asset is located 300 km SW of New Orleans and covers blocks GC683, GC726, GC727 and GC770 in DW of about 1500m.