Rivers State Buys Shell Ogoniland Stake

Tuesday, October 1, 2019

According to reports, the governor of Nigeria’s Rivers state said on Monday it had purchased a Shell Nigerian subsidiary’s stake in OML 11 in the resource-rich Ogoniland region.

Governor Nyesom Wike told a news conference that Rivers had “fully acquired” the stake in OML 11 from Shell, a Reuters report stted. Wike said the block had been undeveloped for nearly 25 years since the execution of Ken Saro-Wiwa by the former Sani Abacha government.

OML 11 is jointly held by Shell Petroleum Development Company (SPDC) and state firm Nigerian National Petroleum Company. Shell has not yet confirmed the sale.

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