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LequteMan
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Europe's largest oil company, Royal Dutch #Shell plc said on Wednesday it has sold four oil fields in #Nigeria, in order to meet a $15 billion asset-sales plan, Reports say.
Extract from The Nation:
Royal Dutch Shell said on Wednesday it has sold four oil fields in Nigeria, in its ongoing global asset sales to cut costs.
The oil giant last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta – Oil Mining Licence (OML) 18, 24, 25, 29 – as well as a key pipeline, the Nembe Creek Trunk Line.
“We have signed sales and purchase agreements for some of the Oil Mining Leases, but not all that we are seeking to divest,” a Shell spokesman told Reuters.
No details were available on the value of the deals signed, nor when the full process will be completed.
Click here to read more
Extract from The Nation:
Royal Dutch Shell said on Wednesday it has sold four oil fields in Nigeria, in its ongoing global asset sales to cut costs.
The oil giant last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta – Oil Mining Licence (OML) 18, 24, 25, 29 – as well as a key pipeline, the Nembe Creek Trunk Line.
“We have signed sales and purchase agreements for some of the Oil Mining Leases, but not all that we are seeking to divest,” a Shell spokesman told Reuters.
No details were available on the value of the deals signed, nor when the full process will be completed.
Click here to read more
