International
Oil Companies (IOCs) playing in the Nigerian oil and gas space are showing
divergent views on the attractiveness of assets as some are moving on with
developments while others divest.
Royal
Dutch Shell Plc , Europe’s largest oil company, said yesterday it is advancing
plans to sell four fields in Nigeria, to meet a $15 billion asset-sales plan,
even as French Oil major Total told BusinessDay that it was moving ahead with
projects in the country, despite the uncertainty from the late passage of the
PIB.
Shell
Petroleum Development Co. of Nigeria Ltd. said assets under consideration for
sale are OMLs 18, 24, 25, 29 and the Nembe Creek Trunk Line, although the
process has not yet concluded.
The
Anglo-Dutch company and partner, Eni SpA
are close to selling the Nigerian assets for about
