Welcome to Morningstar.co.uk!
You have been redirected here from Hemscott.com as we are merging our websites to provide you with a one-stop shop for all your investment research needs.
Get Started: To search for a security, type the name or ticker in the search box at the top of the page and select from the dropdown results.
Registered Hemscott users can log in to Morningstar using the same login details. Similarly, if you are a Hemscott Premium user, you now have a Morningstar Premium account which you can access using the same login details.
Shell Completes USD533 Million Sale Of Oil Mining Lease 17 In Nigeria
Fri, 15th Jan 2021 16:41
(Alliance News) - Royal Dutch Shell PLC on Friday said it has now sold its 30% interest in oil mining lease 17, located in the Eastern Niger Delta, for USD533 million.
The 30% interest was sold to TNOG Oil & Gas Ltd, a related company of Heirs Holdings Ltd and Transnational Corp of Nigeria PLC with USD453 million paid at completion with the balance to be paid later.
Completion of the sale follows approvals from Nigeria s federal government.
Shell Petroleum Development Co of Nigeria Ltd, which sold the stake, will keep its interest in the Port Harcourt and residential areas that fall within the lease areas.