American oil giant Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, as the company seeks to dispose of ageing assets to focus on its fast-growing U.S. production. The U.S. energy giant is offering its 40 per cent stake in the shallow-water Oil Mining Lease (OML) 86 and OML 88, which produce around 6,200 barrels of oil equivalent per day, the document says. The sale is also part of a broader retreat by international oil companies from Nigerian oil and gas fields that…
Read MoreChevron Offers Oil Asset For Sale In Nigeria
