Shell in talks to buy US Gulf producer LLOG Exploration for over $3b

LLOG announced in September first production from its Salamanca floating production unit, which is supporting drilling in the Leon-Castile fields. The Salamanca project’s unit has capacity for 60,000 barrels of oil per day and 40 million cubic feet of natural gas per day, and Repsol is one of LLOG’s partners in the development.

LLOG also announced in July 2024 it had acquired 41 blocks of acreage, about 236,000 acres (95,500 hectares), in the deepwater Gulf.