Shell’s Nigeria Oil bloc sale offers value, but bidders need to do their homework – WoodMac Global oil research firm, Wood Mackenzie, has raised caveat for prospective buyers of Shell’s assets in Nigeria’s onshore and shallow-water acreages. Platforms Africa reports that the oil supermajor, Royal Dutch Shell, has started a process to divest all of its operated joint venture licences held by the Shell Petroleum Development Company (SPDC) in Nigeria. This includes a 30% interest in 19 Oil Mining Leases (OMLs). Gail Anderson, Research Director with Wood Mackenzie’s Sub-Sahara…
Read MoreBUYERS BEWARE: WoodMac Raises Caveat on Shell’s Oil blocks Sale in Nigeria
