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Shell To Divest Nigerian Unit To Renaissance For Undisclosed Sum

Shell To Divest Nigerian Unit To Renaissance For Undisclosed Sum
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Shell to divest Nigerian unit to Renaissance for undisclosed sum

Energy giant Shell announced Tuesday that it has reached a deal to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited or SPDC, to Renaissance, for an undisclosed sum. Renaissance is a consortium of five companies comprising four exploration and production firms based in Nigeria and an international energy group. Zoe Yujnovich, Shell's integrated gas and upstream director, said: "This agreement marks an important milestone for Shell in Nigeria, aligni

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Shell agrees to sell SPDC, announces plan to exit Nigeria | Nigerian News, Latest Nigeria In News. Nigeria News. Your online Nigerian Newspaper.

Shell agrees to sell SPDC, announces plan to exit Nigeria | Nigerian News, Latest Nigeria In News. Nigeria News. Your online Nigerian Newspaper.
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Shell exits onshore exploration in Nigeria, sells assets for $1.3bn

Shell exits onshore exploration in Nigeria, sells assets for $1.3bn
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Shell agrees to sell Nigerian onshore subsidiary, SPDC

Shell agrees to sell Nigerian onshore subsidiary, SPDC
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