Shoreline bags prized Nigeria block

An unidentified youth walks towards his shop in Port Harcourt, Nigeria, Thursday May 17, 2007. Europe's great powers once scrambled for dominance across vast, underdeveloped African lands rich in raw resources, including the scarlet palm oil used to grease the first cogs of the industrial revolution. A century later, a new group of nations are competing for a different valuable, viscous material, with Sub-Saharan Africa closing in on the Persian Gulf as the prime overseas supplier of oil to the last remaining superpower. (AP Photo/George Osodi)

In the bag: Shoreline wins rights to block OML-30 in Nigeria

GEORGE OSODI

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Barry Morgan

 29 June 2012 23:40 GMT

Nigerian independent Shoreline Natural Resources has formally signed up prized development block OML-30 in the country’s troubled Niger Delta, beating off stiff competition from compatriot Conoil, a senior Shoreline executive told Upstream.

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