Shell sells two Nigerian oil blocks for $488mln

Royal Dutch Shell said on Thursday it had completed the sale of two Nigerian onshore oil blocks to local consortia for a total of $488 million. Shell sold its 30 percent stake in Nigerian onshore oil block OML 42 to local consortium Neconde Energy, which includes Nestoil Group, Aries E&P Company Limited, VP Global and Poland's Kulczyk Oil Ventures, for $390 million.
Read the rest of the story on Businessday Nigeria

Added December 01, 2011
from Businessday Nigeria