December 19, 2014 9:41 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Shell Petroleum Development Company of Nigeria Ltd.

Company Overview

Shell Petroleum Development Company of Nigeria Ltd. produces and supplies gas to domestic customers. The company operates about 6000 km of pipelines and flow lines, sixty oil fields, 700 producing wells, sixty flowstations, seven gas plants, and two major oil export terminals at Bonny and Forcados. Shell Petroleum Development Company of Nigeria Ltd. is based in Lagos, Nigeria. Shell Petroleum Development Company of Nigeria Ltd. operates as a subsidiary of Royal Dutch Shell plc.

21/22 Marina

PMB 2418

Lagos,  23401

Nigeria

Phone:

234 1 2769999

Fax:

234 8070269999

Key Executives for Shell Petroleum Development Company of Nigeria Ltd.

Managing Director
Compensation as of Fiscal Year 2014.

Shell Petroleum Development Company of Nigeria Ltd. Key Developments

Shell Petroleum To Divest Stake In Assets

Shell Petroleum Development Company of Nigeria Ltd intends to divest 45% stake in Oil Mining Licenses 29. The stakeholders and locals of Nembe-Bassambiri are opposing the sale as the sale is proceeding without consulting them.

Shell Petroleum Develpment Company of Nigeria Limited Presents at NOG 2014 Week, Mar-18-2014 02:30 PM

Shell Petroleum Develpment Company of Nigeria Limited Presents at NOG 2014 Week, Mar-18-2014 02:30 PM. Venue: Sheraton Hotel, Abuja International Conference Centre, Abuja, Nigeria. Speakers: Philip Mshelbila, General Manager ­ Communications.

Shell, Total And Eni To Sell Four Oil Block

The Shell Petroleum Development Company Of Nigeria Ltd. along with its joint venture partners Eni SpA (BIT:ENI) Total SA (ENXTPA:FP) is seeking to sell four of its Niger Delta oil blocks which produce about 70,000 barrel of oil and natural gas. This is equivalent to 10% of the joint venture total production and 8% of SPDC total production. The company also shut down its Nembe Creek Trunk Line in the Niger Delta region. The sale is presumed to attract a host of domestic Nigerian companies and two potential bidders have already estimated the sale to fetch about $3 billion. It plans to sell oil mining licenses (OMLs) 18, 24, 25 and 29, the sources said. However, Precious Okolobo, Spokesman of Shell Nigeria said that the review is ongoing and therefore we are not in a position to confirm which, if any, blocks may be put up for sale. He added "Nigeria remains an important part of Shell's portfolio, where we will continue to have a significant onshore presence in oil and gas," Reuters reported. Primera Africa Securities Ltd. is acting as financial advisor for the process.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 21, 2014
Nigerian Oil Mining Lease 18
Merger/Acquisition
May 16, 2014
OML 24
 

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