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Shell sells Nigerian onshore oil business for $2 4bn

Shell has reached an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group. On December 31, 2022, SEC proved reserves that are the subject of this transaction were approximately 458 MMboe. The consideration payable.

Renaisance to Acquire Shell Petroleum Development Company

Renaisance to Acquire Shell Petroleum Development Company
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Consortium to acquire Shell onshore subsidiary

Consortium to acquire Shell onshore subsidiary
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