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The Shell Petroleum Development Company sets out its future intent for Nigeria

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Monday, June 24, 2013

The Shell Petroleum Development Company of Nigeria Ltd as operator of the Nigerian National Petroleum Corporation/SPDC joint venture announced that the SPDC JV (NNPC 55%, SPDC 30%, TOTAL 10%, NAOC 5%) has taken final investment decisions for the Trans Niger Pipeline loop-line and the Gbaran-Ubie Phase Two projects, both in Nigeria’s eastern Niger Delta. The total capital investment for the two bundles of projects is around $3.9 billion. SPDC has also announced a strategic review of the interests that it holds in selected onshore leases in the SPDC JV.

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