Shell Petroleum Development Company of Nigeria (SPDC) has confirmed that it has divested from eight Oil Mining Leases (OMLs) in Nigeria from 2010 to date.

Shell Petroleum Development Company of Nigeria (SPDC) has confirmed that it has divested from eight Oil Mining Leases (OMLs) in Nigeria from 2010 to date.

Shell Media Relations Manager, Precious Okolobo, recently stated in Lagos that the SPDC had sold its interests in OML 4, 38 and 41 which were sold on July 30, 2010.
Others are OML 26 and 42 which sold on November 30, 2011; OML 40 on August 31, 2012; OML 34 on September 5, 2012 and OML 30 on November 9, 2012, respectively.
The OMLs divested in the Eastern Niger Delta region are 26, 30, 34, 40, 42, 4, 41and 38, while another four had been penciled for divestment before 2015.
The first set of oil fields sold by Shell were oil mining leases (OMLs) 4, 38 and 41 acquired and operated by Seplat Petroleum Development Company.
OMLs 26, 30, 34, 40 and 42 were acquired by Nigerian Petroleum Development Company (NPDC) which is also the operator.
Shell is Nigeria’s biggest crude oil producer, though advancing plans to complete the sale of four oil blocks in Eastern Niger Delta to meet its target of 15 billion dollars from assets sales between 2014 and 2015 it states that it is still committed to Nigeria.

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