Nigeria: SPDC sales completed

The Shell Petroleum Development Company (SPDC) joint venture has completed the sale of its 45% stakes in onshore blocks OML 29, 24 and 18 to Nigerian companies. The OML 29 stake and the 100km Nembe Creek trunk line were sold to Aiteo Eastern E&P, while Newcross Exploration and Production bought a stake in OML 24, in the eastern Niger Delta, in November. Eroton Exploration and Production Company, a special-purpose vehicle owned by Mart Resources, Midwestern Oil and Gas and Suntrust Oil, bought the JV’s interests in OML 18.