Reuters reveals Shell’s Nigerian oil assets attract interest from local firms

Reuters revealed that at least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell’s […] The post Reuters reveals Shell’s Nigerian oil assets attract interest from local firms appeared first on Reuters News Agency.

Reuters reveals Shell’s Nigerian oil assets attract interest from local firms

Reuters revealed that at least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell’s onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks with the Nigerian government last year about selling its stake in the West African country’s onshore fields, where it has been active since the 1930s, as part of a global drive to reduce its carbon emissions. The sale has drawn interest from independent Nigerian oil and gas firms including Seplat Energy, Sahara Group, Famfa Oil, Troilus Investments Limited and Nigeria Delta Exploration and Production (NDEP).

The post Reuters reveals Shell’s Nigerian oil assets attract interest from local firms appeared first on Reuters News Agency.