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Shell Petroleum Development Company For Sale - Business - Nairaland

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Tender Opportunity By The Shell Petroleum Development Company Of Nigeria / Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! / UK Judge Dismisses $1B Nigeria Bribery Case Against Eni, Shell Petroleum (2) (3) (4)

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Shell Petroleum Development Company For Sale by emkz: 8:52pm On Jul 30, 2021
Shell is selling the Nigerian business because it no longer views its activities in the Niger Delta as core to its ongoing strategy, which is driven by the ESG (Environmental, Social, and Governance) pressure from its investors, both sources said, and as intimated by its CEO earlier this year.

Shell has hired Standard Chartered to sell its Shell Petroleum Development Company of Nigeria Limited (SPDC) subsidiary, two sources said.

SPDC operates the company’s shallow-water and onshore asset interests via its 30% interest in the SPDC joint venture, which supplies around 10% of Nigeria’s gas demand.

Sale documents were issued earlier this week and expressions of interest (EOIs) are due by 10 September, the other source said.

https://www.arise.tv/shell-launches-major-divestment-of-nigerian-assets-spdc-for-sale/

Re: Shell Petroleum Development Company For Sale by Eriokanmi: 9:06pm On Jul 30, 2021
Another gift from the APC. Una weldone ooh.
Re: Shell Petroleum Development Company For Sale by jetwonder(m): 9:07pm On Jul 30, 2021
emkz:


https://www.arise.tv/shell-launches-major-divestment-of-nigerian-assets-spdc-for-sale/
How Much? I Get Buyer
Re: Shell Petroleum Development Company For Sale by Sufferingboy(f): 9:08pm On Jul 30, 2021
How much last? Make I buy am.
Re: Shell Petroleum Development Company For Sale by FreeStuffsNG: 9:14pm On Jul 30, 2021
emkz:


https://www.arise.tv/shell-launches-major-divestment-of-nigerian-assets-spdc-for-sale/
Shell has been selling some oil blocs in areas they consider as troublesome and one of such was recently sold to Heirs Holding-Transcorp Plc https://www.energyvoice.com/oilandgas/africa/ep-africa/291934/spdc-oml-17-tnog/

Shell is not leaving Nigeria yet.

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