Shell said on Thursday it had completed the sale of its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC), to Renaissance.
Renaissance, a consortium of five firms comprising four Nigerian exploration and production companies and an international energy group, now controls a 30% stake in the SPDC joint venture.
Shell completes sale of Nigerian onshore subsidiary SPDC
Image: REUTERS/Dado Ruvic
Shell said on Thursday it had completed the sale of its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC), to Renaissance.
Renaissance, a consortium of five firms comprising four Nigerian exploration and production companies and an international energy group, now controls a 30% stake in the SPDC joint venture.
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