Shell, Total and Eni sell Nigerian OMLs 4, 38 and 41 to SEPLAT
Shell, Eni and Total have sold their interests in three onshore production licences in Nigeria to SEPLAT, a consortium made up of two Nigerian firms and Maurel & Prom. The licences contain fourteen oil and gas fields, five of which are developed. The fields had been producing around 18,000 b/d until they were shut in following a militant attack on the main delivery pipeline in late 2008. The transaction allows Shell and its IOC partners to focus on the development of more material ...