Shell Nigeria JV Divestment Will See 30% Growth in Bulk Sale Across 19 Leases
![Shell Nigeria JV Divestment Will See 30% Growth in Bulk Sale Across 19 Leases](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/919fcaab07ad98c37e19123c86ce7eba.jpg)
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Descripción
A detailed analysis in a Wood Mackenzie Insight has shown that Anglo-Dutch Oil Giant Shell, which has been operating in Nigeria for 63 years under joint venture operation as Shell...
mostra másThe energy giant, rather than sell single OMLs, is seeking buyers for asset packages in the eastern, western and shallow water delta.
The shallow water assets include OMLs 74 & 77 (undeveloped), and OML 79 (EA Area). All of these are up for sale.
Wood Mackenzie Insight analysts say they consider only 20 per ct of this to be commercial, due to a lack of investment, crude theft, insecurity, and gas market constraints. Also, five of the OMLs are undeveloped.
Wood Mackenzie says the valuation of Shell’s 30% in the Nigerian JV excluding export pipelines and terminals is $2.3 billion, NPV10, Jan 2021, US$50 long-term oil price.
Información
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