Shell To Sell More Oil Assets In Nigeria - Politics

Shell To Sell More Oil Assets In Nigeria - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Shell To Sell More Oil Assets In Nigeria (23797 Views)

Shell To Sell More Oil Assets In Nigeria by Islie(op): 9:46pm On Aug 04, 2023

Shell Plc is reportedly set to resume talks to sell some of its Nigerian oil fields. The oil giant is said to be in negotiations with Eroton Exploration and Production Company Ltd. to offload some of its assets in Nigeria. Shell has been operating in Nigeria since 1937 and is the largest oil producer in the country, accounting for about 40 per cent of the nation’s total oil production. The company has a long history of exploration and production activities in Nigeria, and it currently operates more than 200 oil and gas fields in the country.

Nigeria is Africa’s largest oil producer and one of the world’s top 10 oil producers. The country is estimated to have the ninth-largest proven oil reserves in the world, with an estimated 37 billion barrels of oil. Oil and gas account for about 90 per cent of Nigeria’s export earnings and more than 70 per cent of its government revenue. Eroton Exploration and Production Company Ltd. is a Nigerian oil and gas exploration and production company. It is a joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and a consortium of Nigerian investors. The company was established in 2018 and is focused on developing and producing oil and gas resources in Nigeria.

Shell has been in talks with Eroton Exploration and Production Company Ltd. since 2019 to sell some of its Nigerian oil fields. The company is reportedly looking to offload some of its assets in the country as part of its strategy to focus on more profitable areas. The sale of the assets is expected to generate billions of dollars for Shell.

https://leadership.ng/shell-to-sell-more-oil-assets-in-nigeria/

Re: Shell To Sell More Oil Assets In Nigeria by TemplarLandry: 9:49pm On Aug 04, 2023

Their business, their decisions.

I dedicate “Shake Down” by Akon to Shell. Great jam!

95 Likes

Re: Shell To Sell More Oil Assets In Nigeria by limeta(f): 9:49pm On Aug 04, 2023

They know whats cooking

33 Likes 3 Shares

Re: Shell To Sell More Oil Assets In Nigeria by slivertongue: 9:55pm On Aug 04, 2023

They are leaving NIGERIA one after the other due to bad policies and corruption

126 Likes 22 Shares

Re: Shell To Sell More Oil Assets In Nigeria by GreaterFuture(m): 10:04pm On Aug 04, 2023*

Sell sell sell
The Niger deltans and all persons, groups and ( demographics ofocourse our political rulers ) who sacrificed many for very little... y'all are Worse than foolish

4 Likes 1 Share

Re: Shell To Sell More Oil Assets In Nigeria by bassdow: 10:05pm On Aug 04, 2023

1 Like

Re: Shell To Sell More Oil Assets In Nigeria by bassdow: 10:05pm On Aug 04, 2023

They too are LEAVing gradually

46 Likes 4 Shares

Re: Shell To Sell More Oil Assets In Nigeria by MANNABBQGRILLS: 10:05pm On Aug 04, 2023*

Nigeria is Africa’s largest oil producer and one of the world’s top 10 oil producers. The country is estimated to have the ninth-largest proven oil reserves in the world, with an estimated 37 billion barrels of oil.

.....and we have nothing to show for all the wealth as a nation?!

Again,
May all politicians that raped our nation and took her 100 years back with blind looting and stealing since 1960 never end well in life.
Including their supporters.
So shall it be as long as God lives....

We Rise.

116 Likes 10 Shares

Re: Shell To Sell More Oil Assets In Nigeria by bassdow: 10:05pm On Aug 04, 2023*

All the things/people that once made Nigeria great is gradually going/leaving/dying

13 Likes 2 Shares

Re: Shell To Sell More Oil Assets In Nigeria by excanny: 10:06pm On Aug 04, 2023

Omo. A loaf of bread going for 5000 naira loading.

21 Likes 1 Share

Re: Shell To Sell More Oil Assets In Nigeria by Tecnophone: 10:06pm On Aug 04, 2023

tinubu

4 Likes

Re: Shell To Sell More Oil Assets In Nigeria by RingRoadMafia: 10:06pm On Aug 04, 2023*

Fugazy2023:
Shell has been in talks with Eroton Exploration and Production Company Ltd. since 2019 to sell some of its Nigerian oil fields. The company is reportedly looking to offload some of its assets in the country as part of its strategy to focus on more profitable areas

Thank God for Subsidy removal. No more free money

We saw better liars than you during Buhari's regime.

You're tying to make it look like an Oil Drilling Company that has NOTHING to do with Subsidy money being paid to Fuel Marketers is leaving because they stopped making money due to the Subsidy removal wey no concern them. That can only be believed by your agbado brethren that lack the capacity to think, not sensible Nigerians.

They're leaving because the environment is no longer business friendly! They aren't making any profit and the cost of running their businesses is becoming ever more steep. This has been the case since the last 8 years. Companies that decide to stay have no choice but to continue to hike the prices of their products to meet up with the ever increasing cost of running business. APC has ruined this country!

Do better, come up with better lies.

99 Likes 12 Shares

Re: Shell To Sell More Oil Assets In Nigeria by Nazgul: 10:06pm On Aug 04, 2023

With our overcrowded population, companies are moving out of this British experiment in their numbers, thus plunging more people into the unemployment market.

Yet people are still defending the very leaders who are making their lives miserable.

46 Likes 6 Shares

Re: Shell To Sell More Oil Assets In Nigeria by Fugazy2023: 10:06pm On Aug 04, 2023

Shell has been in talks with Eroton Exploration and Production Company Ltd. since 2019 to sell some of its Nigerian oil fields. The company is reportedly looking to offload some of its assets in the country as part of its strategy to focus on more profitable areas

Thank God for Subsidy removal. No more free money

8 Likes 2 Shares

Re: Shell To Sell More Oil Assets In Nigeria by SPRINCE001: 10:08pm On Aug 04, 2023

Bad Government and Bad policies

8 Likes 1 Share

Re: Shell To Sell More Oil Assets In Nigeria by Wealthoptulent(m): 10:08pm On Aug 04, 2023

Islie:
https://leadership.ng/shell-to-sell-more-oil-assets-in-nigeria/

Until e remain SHELL.

3 Likes 2 Shares

Re: Shell To Sell More Oil Assets In Nigeria by Nobody: 10:10pm On Aug 04, 2023

APC is a disaster

13 Likes

Re: Shell To Sell More Oil Assets In Nigeria by zeusdgrt(m): 10:10pm On Aug 04, 2023

Na wa

Re: Shell To Sell More Oil Assets In Nigeria by RingRoadMafia: 10:11pm On Aug 04, 2023

Tinubu has not even started, this is barely the 3rd month

17 Likes 2 Shares

Re: Shell To Sell More Oil Assets In Nigeria by Theunbothered: 10:12pm On Aug 04, 2023

Fools will say they couldn't compete.

8 Likes 1 Share

Re: Shell To Sell More Oil Assets In Nigeria by FOOTSOLDIER2(f): 10:13pm On Aug 04, 2023

Oya nah. Yoruba Ronu, APC Ronu grin

17 Likes 2 Shares

Re: Shell To Sell More Oil Assets In Nigeria by Jcomtrader: 10:14pm On Aug 04, 2023

Lol
Naija will soon be left agbo sellers and bitters companies

12 Likes 2 Shares

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