By Elisha Bala-Gbogbo – Sep 17, 2010 3:01 PM GMT+0100
Nigeria acquired a 50 percent stake in three major oil mining leases from Royal Dutch Shell Plc, according to the state-owned energy company.
The licenses, known as 4, 38, and 41, can produce as much as 180,000 barrels a day, Austen Oniwon, chief executive officer of Nigeria National Petroleum Corp., said in an e-mailed statement today. Financial details werent disclosed.
They will be operated by the Nigeria Petroleum Development Co., the exploration and production arm of the parent company.
Nigeria is Africas largest oil producer and the fifth- biggest source of U.S. oil imports. Shell, Exxon Mobil Corp., Chevron Corp., Total SA and Eni SpA operate joint ventures with the state oil company.
To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja via at +27-11-286-1999 or [email protected].
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
