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    Shell’s Nigerian Oil Fields Draw Interest from Local Firms

    Ogochukwu NdubuisiBy Updated:No Comments1 Min Read
    Shell's Nigerian Oil Fields Draw Interest from Local Firms
    Shell

    Shell’s Nigerian Oil Fields Draw Interest from Local Firms

    Royal Dutch Shell’s onshore oil fields in Nigeria have attracted interest from five local companies, Reuters reported Thursday, as the oil giant continues to divest interests. Read: Shell to Divest Nigeria’s Onshore Oil Stakes

    The Nigerian firms are set to submit bids this month, the news agency reported, citing unidentified sources, who also said a sale could raise up to $3 billion.

    Royal Dutch Shell has stakes in 19 oil mining leases through Shell Petroleum Development Co. of Nigeria, Nigeria’s onshore oil and gas joint venture.

    The energy giant holds a 30% stake in the joint venture, while Nigerian National Petroleum Corp. holds 55%, TotalEnergies (TTE) has 10% and Eni (E) 5%, according to Reuters.

    Shell’s US-listed shares were trading 2% higher in recent Thursday pre-bell activity. # Shell’s Nigerian Oil Fields Draw Interest from Local Firms

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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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