Shell sells its interest in Gulf of Mexico gas fields to W&T

Energy provider Shell has agreed to sell its interest in six Gulf of Mexico oil and gas fields to W&T Energy VI, a subsidiary of W&T Offshore, for $450m (£278m).

The divested fields are Tahoe, Southeast Tahoe, Droshky, Marlin, Dorado and a Gulf of Mexico producing shelf property.

Predominantly mature gas fields, they produce 18,000 barrels of oil equivalent per day (boe/d) and have proved reserves of some 27m barrels of oil equivalent.