Shell Resumes Talks in Nigeria Oil Fields Sale to Local Firm
08.02.2023 By Tank Terminals - NEWS

August 2, 2023 [Bloomberg]- Shell Plc has resumed talks to sell its stake in a joint venture that operates onshore and shallow-water oil and gas fields in Nigeria to local firm ND Western Ltd. about a year after the process was put on ice, according to people with knowledge of the matter.


The energy giant said in June 2022 that it was pausing the divestment of its 30% interest in the partnership with Eni SpA, TotalEnergies SE and the state-owned Nigerian National Petroleum Co. Ltd., which is known as SPDC, pending the outcome of a lawsuit at the West African country’s Supreme Court. A lower court had earlier ordered Shell not to sell any assets before the dispute with a community in the crude-rich Niger Delta over alleged pollution is resolved.

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