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Shell completes $737million sale of Nigerian oil field

Oil major Shell has completed the sale of its stake in a Nigerian oil field for $737million. The company is nearing the completion of a strategic asset review in the West African country.
By Energy reporter
20/03/2015, 1:08 pm Updated: 08/04/2015, 9:23 am
Shell news
Shell news

Oil major Shell has completed the sale of its stake in a Nigerian oil field for $737million.

The company is nearing the completion of a strategic asset review in the West African country.

The Oil and Mining Lease (OML) 18 and related facilities in the the Eastern Niger Delta have been sold to Eroton Exploration & Production Company.

Shell announced in October last year that it had signed agreements for all five Nigerian oil assets it put up for sale following a 2013 review of its business in Nigeria.

In 2014, OML 18 produced around 14,000 barrels of oil equivalent per day.

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