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Shell Sells Stake In Nigerian Oil Block For $533m - Business - Nairaland

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Shell Sells Stake In Nigerian Oil Block For $533m by dre11(m): 8:10pm On Jan 15, 2021
The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its 30 per cent interest in Oil Mining Lease 17 in the Eastern Niger Delta and associated infrastructure to TNOG Oil and Gas Limited for a consideration of $533m.

The oil major said in a statement on Friday that the completion followed the receipt of all approvals from the relevant authorities of the Federal Government of Nigeria.

According to the statement, TNOG Oil and Gas is a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc.

“A total of $453m was paid at completion with the balance to be paid over an agreed period. SPDC will retain its interest in the Port Harcourt Industrial and Residential Areas, which fall within the lease area,” the SPDC said.

https://punchng.com/breaking-shell-sells-stake-in-nigerian-oil-block-for-533m/

6 Likes

Re: Shell Sells Stake In Nigerian Oil Block For $533m by Golan007: 8:13pm On Jan 15, 2021
They are exiting.

65 Likes 1 Share

Re: Shell Sells Stake In Nigerian Oil Block For $533m by BlackfireX: 8:17pm On Jan 15, 2021
Body odour from one Sudanese grin that the yorubas put in power chasing every good thing away




Argue with the pigeons that refused to fly when they saw him

124 Likes 10 Shares

Re: Shell Sells Stake In Nigerian Oil Block For $533m by Nigeriabiafra80: 8:17pm On Jan 15, 2021
Gradually
Disintegration of Nigeria
And elimination of crude oil era

58 Likes 2 Shares

Re: Shell Sells Stake In Nigerian Oil Block For $533m by PDJT: 8:22pm On Jan 15, 2021
-And the new “owner” will be extremely willing to sponsor the terrorist Nigerian soldiers and police to slaughter any local who dare try to stop their exploitation of the land. grin

41 Likes 1 Share

Re: Shell Sells Stake In Nigerian Oil Block For $533m by Nobody: 8:22pm On Jan 15, 2021
TNOG?.... grin grin grin that is china my dear friends!

17 Likes

Re: Shell Sells Stake In Nigerian Oil Block For $533m by Nobody: 8:28pm On Jan 15, 2021
Tonu Elumelu of Heirs holdings.... you have people like this, but when it's time to pick elective leaders, we would be scraping the bottom of the barrel..

47 Likes 4 Shares

Re: Shell Sells Stake In Nigerian Oil Block For $533m by PDJT: 8:29pm On Jan 15, 2021
nuti:
TNOG?.... grin grin grin that is china my dear friends!
Its over slowly for this country

-Is the owners of TNOG - Heirs holdings, not Tony Elumelu people?

18 Likes

Re: Shell Sells Stake In Nigerian Oil Block For $533m by inoki247: 8:38pm On Jan 15, 2021
Make dem sell d country too make everybody colet dere own shares..

3 Likes

Re: Shell Sells Stake In Nigerian Oil Block For $533m by PCG001: 8:44pm On Jan 15, 2021
ɨt's ʄɨռɨsɦɛɖ❗❗

4 Likes 1 Share

Re: Shell Sells Stake In Nigerian Oil Block For $533m by Elslim: 8:44pm On Jan 15, 2021
Alhamdulillahi

1 Like

Re: Shell Sells Stake In Nigerian Oil Block For $533m by LOVEGINO(m): 8:44pm On Jan 15, 2021
inoki247:
Make dem sell d country too make everybody colet dere own shares..
I can't wait but who wan buy wahala?

1 Like

Re: Shell Sells Stake In Nigerian Oil Block For $533m by solmusdesigns: 8:44pm On Jan 15, 2021
Smart move
Re: Shell Sells Stake In Nigerian Oil Block For $533m by BafanaBafana: 8:45pm On Jan 15, 2021
Gold has come and gone,
Oil is also going

17 Likes

Re: Shell Sells Stake In Nigerian Oil Block For $533m by ATEAMS: 8:45pm On Jan 15, 2021
Sold to Fulani

3 Likes

Re: Shell Sells Stake In Nigerian Oil Block For $533m by potbelly(m): 8:45pm On Jan 15, 2021
hmmm...
Re: Shell Sells Stake In Nigerian Oil Block For $533m by adonnii(f): 8:45pm On Jan 15, 2021
Let crude oil era go completely so that militant Islamism of
neocolonialism shall go from Nigeria.

33 Likes 3 Shares

Re: Shell Sells Stake In Nigerian Oil Block For $533m by Fresh932: 8:45pm On Jan 15, 2021
Ok
Re: Shell Sells Stake In Nigerian Oil Block For $533m by mu2sa2: 8:46pm On Jan 15, 2021
Niger Delta is better off without oil. Let all the oil companies leave, at least that'll bring sanity into the heads of domestic terrorists (aka militants) and the marauding band of robbers,cultists and other killers who have turned port Harcourt and environs into a most dangerous city that even governor Wike, a thug himself, is virtually helpless.

6 Likes 2 Shares

Re: Shell Sells Stake In Nigerian Oil Block For $533m by olaboy33(m): 8:46pm On Jan 15, 2021
First it was Otedola fortes, now it's Shell.

Prudent energy and heir holdings, the respective companies who bought the stakes might just be after fast gains and not long term sustainability.

At the end of the day, those with deep insights would remain in the game for long.

On the bad side, some people would be losing their jobs while on the good side, some are preparing to take on their dream jobs.

Yoruba's would say, someone gets destroyed for another to be successful.

26 Likes 1 Share

Re: Shell Sells Stake In Nigerian Oil Block For $533m by lonelydora: 8:46pm On Jan 15, 2021
Shell has tried in Nigeria.

The problem with TNOG and Transcorp will be if they can run those facilities like Shell. Nigerians are good in killing such businesses with corruption.

16 Likes 2 Shares

Re: Shell Sells Stake In Nigerian Oil Block For $533m by Starcrest1: 8:47pm On Jan 15, 2021
Wait, like they don't want to own any stake in the oil blocs anymore.

Someone should help me and decide if this is brilliant or not......

2 Likes

Re: Shell Sells Stake In Nigerian Oil Block For $533m by Hndrrxxx(m): 8:47pm On Jan 15, 2021
Not even up to a $billi ?? Joke grin grin grin

5 Likes 1 Share

Re: Shell Sells Stake In Nigerian Oil Block For $533m by alphaRego01(m): 8:47pm On Jan 15, 2021
Nothing lasts forever.they have tried

2 Likes

Re: Shell Sells Stake In Nigerian Oil Block For $533m by blinking001(m): 8:47pm On Jan 15, 2021
The crude oil era is coming to an end.. I weep for my country...

23 Likes 2 Shares

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