INEOS Energy expands Gulf of Mexico footprint with Shell deal

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 per cent 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.