SPDC today agreed to transfer its interest in three production licences and related equipment in the Niger Delta to a consortium led by two Nigerian companies.
The agreement covers Shell’s 30% interest in oil mining leases 4, 38 and 41 covering approximately 2,650 square kilometres in the north western Niger Delta. The buyer is Seplat Petroleum Company Limited, a Nigerian company jointly held by two Nigerian firms, Platform Petroleum Limited and Shebah Petroleum Development Company Ltd, and French company, Maurel & Prom. The agreement is subject to the approval of the NNPC and the Federal Government.