Report: Seplat, Sahara Group plan to buy Shell's onshore assets | TheCable

January 6, 2022 10:59 PM

At least five local oil and gas companies have indicated interest to submit bids as Royal Dutch Shell Plc plans to sell more of its Nigerian onshore assets.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 , according to a report by Reuters..

Shell Petroleum Development Company of Nigeria is a subsidiary of Shell In Nigeria. SPDC is the operator of a joint venture between the Nigerian National Petroleum Corporation , SPDC , Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited .The Anglo-Dutch company has stakes in 19 oil mining leases in Nigeria’s onshore oil and gas joint venture through .

Foreign oil companies were not expected to take part in the bidding process ahead of January 31 deadline, the sources added. With majority stakes in the assets, Nigerian National Petroleum Corporation could also choose to exercise its right to pre-empt any sale to a third company, Reuters reported.

seplatpetroleum iamsaharagroup Shell Thinking of where to sell your phone or Laptops for a good price? Chat us on WhatsApp 08161157194 We buy used phones. EndSARS WIZKID IPhone MondayMotivation Motivation

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