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abujagirl
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Shell Nigeria is putting up for sale four onshore Niger Delta oil blocks with a combined production of around 70,000 barrels per day (bpd).
Two undisclosed industry sources, Shell Nigeria plans to sell oil mining licenses (OMLs) 18, 24, 25 and 29. The Anglo-Dutch company had in June said that it planned a strategic review of its eastern delta assets.
Precious Okolobo, Shell Nigeria spokesman said that "the review is ongoing and therefore we are not in a position to confirm which, if any, blocks may be put up for sale."
"Nigeria remains an important part of Shell's portfolio, where we will continue to have a significant onshore presence in oil and gas," he added in an emailed response to Reuters.
Shell is one of several oil majors selling off fields in the swampy delta, where production on some fields is peaking and operations are plagued by rampant oil theft and fraught community relations owing partly to frequent spills.(Reuters)
Nigeria, Africa's biggest oil producer usually pumps 2 million to 2.5 million barrels per day of oil, most of which is exported.