Shell has completed the sale of its interests in two Nigerian oil blocks and the Nembe Creek trunk pipeline over the past week, raising close to $2.5 billion, writes Anamaria Deduleasa.
In the first deal, finalised late last week, the Anglo-Dutch supermajorajor sold its 30% interest in OML 18 to Eroton E&P for $737 million.
That deal was followed earlier this week by the sale of OML 29 and the Nembe Creek pipeline plus associated facilities in the eastern Niger Delta to Aiteo Eastern E&P for $1.7