Shell to sell Shell Nigeria, retains interest in deep water operations
The move was revealed in a statement on the website of the energy firm, which was seen on Tuesday.
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The move was revealed in a statement on the website of the energy firm, which was seen on Tuesday.
Shell has reached an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group. On December 31, 2022, SEC proved reserves that are the subject of this transaction were approximately 458 MMboe. The consideration payable...
Shell PLC, United Kingdom, has reached an agreement to sell its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited, SPDC.
Shell has reached an agreement to divest its onshore business in Nigeria to Renaissance in a deal valued at $2.4bn.
Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited.