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SHEL Shell Plc

2,901.00
-6.00 (-0.21%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shell Plc LSE:SHEL London Ordinary Share GB00BP6MXD84 ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00 -0.21% 2,901.00 2,900.50 2,901.00 2,919.50 2,885.00 2,907.00 10,126,079 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 316.62B 19.36B 2.9802 9.73 188.41B

Royal Dutch Shell Sells Nigeria Operations After Oil Thefts

20/11/2014 12:40pm

Dow Jones News


Shell (LSE:SHEL)
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From Apr 2019 to Apr 2024

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By Justin Scheck 

LONDON-- Royal Dutch Shell PLC said Thursday that it has sold its stake in a set of oil wells and processing plants in Nigeria's Niger Delta, the latest in a series of sales in an area where Shell has struggled with oil theft and other security issues.

Shell said it sold its 30% stake in a property known as Oil Mining Lease 24--along with smaller shares owned by Total SA and Eni SpA--to Newcross Exploration and Production Ltd., a Nigerian-owned company. Shell said its "cash proceeds" from the deal "amount to some $600 million." Newcross, which now owns 45% of OML, didn't immediately respond to a request for comment.

OML 24 produced about 13,000 barrels of oil and equivalent volumes of natural gas a day during the first half of this year, Shell said.

Write to Justin Scheck at justin.scheck@wsj.com

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