Four indigenous oil and gas firms have indicated an interest in the acquisition of Shell Petroleum Development Company multibillion-dollar stake in a joint venture that operates oil fields.
This is as Shell is still pushing ahead with its earlier plans to divest from its Nigerian assets especially its shallow water and onshore interests.
According to several sources with knowledge of the negotiations who wished to remain anonymous, Seplat Energy Plc, Sahara Group Ltd., Heirs Oil and Gas Limited and ND Western Limited submitted the non-binding offers in January.
– Nairametrics