Shell To Sell Nigeria Onshore Oil Business For $1.3 Billion

MOUTHPIECE NGR reports that Shell Plc has agreed to sell its Nigerian onshore oil assets to a consortium of local companies for more than $1.3 billion.

If approved by the government, the transaction would fulfill Shell’s long-term goal of extracting itself from a challenging operating environment in the Niger Delta region. 

Beyond the initial price tag, Shell said it will receive additional payments of as much as $1.1 billion.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Discover more from MouthpieceNGR

Subscribe now to keep reading and get access to the full archive.

Continue reading