According to foreign media, Lagos reported on March 21, 2015, Royal Dutch Shell 's Nigerian subsidiary Shell Petroleum Development Nigeria Ltd. (SPDC) recently completed the stripping of its oil mining lease in Nigeria's eastern Niger Delta 18 (OML 18). ) and 30% of the related facilities, Shell sold the 30% stake to Eroton Exploration and Production Co., Ltd. for US$737 million.
In a statement on the 20th, Shell said: “This divestment is part of the strategic review of the SPDC’s land-based portfolio, which is in line with the Nigerian federal government’s goal of developing Nigerian companies in its upstream oil and gas business.â€
Shell said that despite the divestment, the company will continue to work for long-term stay in Nigeria.
The OML 18, which covers an area of ​​1,35 square kilometers, includes the Alakiri field, the Cawthorne Channel field, the Krakama field, the Buguma field and related facilities. The stripped oilfields produced an average of approximately 14,000 barrels of oil equivalent of oil and gas per day in 2014.
France’s Total Exploration and Production Nigeria Ltd. and Nigeria’s Ajipu Petroleum also sold their 10% and 5% stakes in OML 18 to Eroton, allowing the latter’s share in ONL18 to reach 45%.
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