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Nigeria approves Shell’s $2.4 billion sale of 30% onshore assets

Nigeria approves Shell’s $2.4 billion sale of 30% onshore assets

Nigeria approves Shell’s $2.4 billion sale of 30% onshore assets

CountriesPays-Bas, États-Unis
CompaniesShell
SectorPétrole, Gaz, Exploration production, Exploration production
ThemeInvestissements & Transactions, Transfert d'Actifs Énergétiques

The Nigerian oil sector has reached a pivotal milestone with the official approval of Shell’s sale of 30% of its onshore and shallow water assets to the Renaissance consortium. Valued at $2.4 billion, the transaction represents a strategic restructuring to address regional challenges.

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Pétrole