12:45 - 22.10.2024

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October 22, Fineko/abc.az. Nigerian authorities have blocked the sale by Shell energy group of its oil and gas production assets located on the mainland of the African country and in the Gulf of Guinea in the immediate vicinity of the coast.

ABC.AZ informs that Gbenga Komolafe, the head of the Nigerian Oil Production Regulatory Commission, made this statement at a briefing in Nigerian capital Abuja.

"The deal did not pass the test by the regulator," Reuters quoted him as saying. He did not specify exactly what claims the authorities have against the terms of the sale of Shell assets.

In January, Shell reached an agreement with the Renaissance African consortium, which unites five companies, to sell its Shell Petroleum Development Company of Nigeria Limited (SPDC), which produces oil on the African mainland and in shallow waters. The size of the deal is estimated at $2.4 billion. SPDC has 15 leases for onshore oil production and 3 more in shallow waters in the Niger Delta. Their reserves are estimated at 6.7 billion barrels of recoverable oil and 56 trillion cubic feet of gas.