Showing posts with label Oil Mining Licence. Show all posts
Showing posts with label Oil Mining Licence. Show all posts

Wednesday, 27 August 2014

Shell proceeds with global asset sales, sells some Nigeria oil fields

Shell last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta.
Royal Dutch Shell has sold some of four oil fields up for grabs in Nigeria, it said on Wednesday, as the oil and gas company pushes ahead with global asset sales to cut costs.
Shell last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta — Oil Mining Licence (OML) 18, 24, 25, 29 — as well as a key pipeline, the Nembe Creek Trunk Line.
“We have signed sales & purchase agreements for some of the Oil Mining Leases, but not all that we are seeking to divest,” a Shell spokesman said.
No details were available on the