The multinational oil firm confirmed the sale process through a spokesman at its headquarter at
"The assets under consideration are OMLs 18, 24, 25, 29 and the Nembe Creek Trunk Line, but the process has not yet concluded."
Shell had recently decided to shake up its portfolio in
The oil giant last year put up for sale its 30 per cent shares in four oil blocks in the
Analysts said the oil firm is advancing plans to the oil fields in
Shell's Chief Executive Officer,
The company, had earlier this month sold two natural gas assets in
Another source close to the deal quoted by Financial Times, said: "In
"A process of staff engagement for those potentially impacted in the event of a successful divestment has begun and will continue over the coming months."
In several rounds of divestments, Shell has been moving away from Nigerian onshore oil, which is plagued by industrial scale oil theft, security problems and oil spills.
Efforts to get further details from the Nigerian subsidiary of the firm was not fruitful, as the spokesman was said to be engaged in a prolonged meeting as at press time.
Shell's deep-water subsidiary in
The Bonga FPSO has been upgraded to handle the additional oil flow from Bonga North West which, at peak production, is expected to contribute 40,000 barrels of oil equivalent per day, helping to maintain the facility's overall output.
With Agency Report
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