Instant access to all of Nigeria's OML asset reports
Shell has decided to divest its entire Nigeria Joint Venture portfolio
Shell to divest all of its operated Joint Venture assets
Shell has been active in Nigeria since the 1930s. It’s no exaggeration to say that Nigeria in large part transformed the company into the supermajor IOC we know today.
Now, 63 years after producing its first barrel in Nigeria, it has decided to market all of its operated JV assets held by the Shell Petroleum Development Company (SPDC). This includes a 30% interest in 19 Oil Mining Leases (OMLs) it holds in partnership with NNPC (55%), TotalEnergies (10%) and Eni (5%).
This is a radical step which would have seemed unlikely only 12 months ago, but is highly symbolic of what the Energy Transition means for IOCs in Africa.
ExxonMobil could also divest its 40% stake in its JV with NNPC. Although the company has not set a net-zero target, its shallow water assets are high-cost, high-emission assets which are in steady decline.
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OML 11 (inc. Ogoniland)
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OML 11 (inc. Ogoniland)
PDF 6.28 MB
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OML 20
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OML 20
PDF 6.39 MB
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OML 21 (Assa North)
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OML 21 (Assa North)
PDF 6.37 MB
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OML 22
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OML 22
PDF 7.03 MB
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OML 23 (Soku)
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OML 25
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OML 25
PDF 6.53 MB
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OML 27
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OML 27
PDF 6.50 MB
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OML 28 (Gbaran-Ubie)
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OML 31
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OML 31
PDF 6.86 MB
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OML 32
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OML 32
PDF 6.64 MB
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OML 33
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OML 33
PDF 6.16 MB
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OML 35
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OML 35
PDF 6.73 MB
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OML 36
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OML 36
PDF 5.80 MB
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OMLs 43 & 45 (Forcados-Yokri)
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OML 46
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OML 46
PDF 6.18 MB
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OML 74 & 77 (HA)
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OML 74 & 77 (HA)
PDF 5.83 MB
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OML 68
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OML 68
PDF 5.52 MB
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OML 70
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OML 70
PDF 5.31 MB
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OML 79 (EA Area)
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OML 79 (EA Area)
PDF 5.40 MB
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OML 104 (Yoho & Awawa)
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OML 104 (Yoho & Awawa)
PDF 4.76 MB
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Nigeria upstream summary
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Country Overview
PDF 7.59 MB
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Country Overview
XLS 2.38 MB
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Central Africa and Nigeria Oil and Gas Wall Map
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Our detailed wall map showing the latest Central Africa and Nigeria oil and gas information, highlighting areas such as Côte D’Ivoire, Ghana and the West Africa Transform Margin.
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This map is an invaluable reference for anyone interested in energy in Nigeria, Central Africa and the West Africa Transform Margin areas.
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