A Review of the Nigerian Energy Industry

Shell ‘to sell Nigerian block quartet’

Shell logo31 July 2013, News Wires – Shell is to continue its round of asset sales in Nigeria as it looks to offload a pair each of onshore and offshore blocks, according to a report.

The Anglo-Dutch supermajor is selling oil mining licenses, OML, 13 and 16 onshore as well as 71 and 72 offshore, Reuters reported.

The news wire cited a trio of unidentified oil industry sources familiar with the deals as telling it of the impending sales on Wednesday.

Shell is a major oil producer in Nigeria which is itself Africa’s largest oil producer. The supermajor has suffered a large amount of pipeline spills and shut-ins, consistently claiming that a large portion of these are caused by sabotage and oil theft.

– Upstream

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