OGJ Newsletter

11/19/2012
GENERAL INTEREST — Quick Takes Shell group sells another Nigerian stake Shell Petroleum Development Co. of Nigeria has completed its eighth sale of onshore interests in Nigeria with the transfer of a 30% stake in Oil Mining Lease 30 in the Niger Delta to Shoreline Natural Resources Ltd. (OGJ Online, Sept. 7, 2012). Total cash proceeds to Shell are $567 million. OML30, covering 1,097 sq km, includes Kokori, Afiesere, Oweh, Olomore, Eriemu, Evwreni, Oroni, and Isioka fields, which produce about 35,000 b/d of oil and condensate. The sale includes most of the Trans Forcados crude oil pipeline between OML30 and the Forcados River manifold. The SPDC joint venture—including Nigerian National P...
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