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Thursday, October 10, 2013
More onshore blocks in Nigeria will be going up for sale as the Shell-led consortium that includes Total and ENI puts four more blocks up to the highest bidder. Documents to prospective buyers of OMLs 18, 24, 25, and 29 have been circulated. The four blocks lie in the eastern Niger Delta.
It is also been reported that Shell will sell its Nembe Creek Trunk Line which is a key oil transport line. The company has seen the Nembe Creek shut-in numerous times in the past year due to oil thieves.
The assets are said to be worth between $2 billion and $3 billion in total.
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