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5 Pages

Mixed fortunes for divested blocks in Nigeria

Mixed fortunes for divested blocks in Nigeria

Report summary

In late 2012, Shell, Total and Eni completed the sale of their combined 45% stake in four production licences, located onshore Nigeria.  The divestment campaign was highly competitive and attracted interest from a number of indigenous and foreign companies. Prior to this sale process, Shell and the other IOC partners had already sold four licences during 2010.  Overall, Shell and partners have exited eight licences and have realised over US$2 billion.  Aiming to replicate the success of the...

What's included?

This report includes 1 file(s)

  • Mixed fortunes for divested blocks in Nigeria PDF - 477.40 KB 5 Pages, 1 Tables, 4 Figures


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  • Executive Summary
  • Shell’s divestments
    • Crude theft now a major concern
    • NPDC is in the driving seat
    • Tight rig market, particularly for swamp rigs
    • Appetite from small E&P players remains strong

In this report there are 5 tables or charts, including:

  • Executive Summary
  • Shell’s divestments
    • List of divested blocks by Shell/Total/Eni
    • 2010 average production vs. 2013 production*
    • 2012 average production vs. 2013 production**
    • Key trunk lines in the Niger Delta
    • Capital spend outlook: 2014-2020
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