Royal Dutch Shell has hired Standard Chartered to sell its Shell Petroleum Development Company of Nigeria Limited (SPDC) subsidiary. The firm has earlier launched the major divestment of its Nigerian assets, several sources familiar with the matter said. SPDC operates the company’s shallow-water and onshore asset interests via its 30% interest in the SPDC joint venture, which supplies around 10% of Nigeria’s gas demand. Sale documents were issued earlier this week and expressions of interest (EOIs) are due by 10 September, the other source said. The vendor is asking for…
Read MoreShell hires Standard Chartered, advances exit plans from Nigeria’s onshore
