ROYAL DUTCH SHELL PLC: SPDC completes 8th Nigerian Oil Mining Lease sale

ROYAL DUTCH SHELL PLC: SPDC completes 8th Nigerian Oil Mining Lease sale
SPDC completes 8th Nigerian Oil Mining Lease sale 
The Hague, 9th November 2012 
The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary
of Royal Dutch Shell plc (Shell), has completed the assignment of its 30%
interest in Oil Mining Lease 30 (OML30) in the Niger Delta to Shoreline Natural
Resources Limited (Shoreline).  Total cash proceeds for Shell amount to some
US$567 million. 
This divestment is part of the re-shaping of SPDC's onshore portfolio and is in
line with the Federal Government of Nigeria's aim of developing Nigerian
companies in the country's upstream oil and gas business.  
Shell has been in Nigeria for more than 50 years and remains committed to
keeping a long-term presence there - both onshore and offshore.  Through SPDC
and its other Nigerian companies, Shell responsibly produces the oil and gas
needed to fuel the economic and industrial growth that generates wealth for the
nation and jobs for Nigerians. 
OML30 covers an area of some 1097 square kilometres and includes the Kokori,
Afiesere, Oweh, Olomore, Eriemu, Evwreni, Oroni and Isioka fields and related
facilities. The divested infrastructure includes most of the Trans Forcados
major crude oil pipeline from OML30 to the Forcados River manifold. The
remaining 8 km to the Forcados terminal will remain with the SPDC joint
venture. The divested fields produced around 35,000 barrels per day of oil and
condensate (100%). 
Total E&P Nigeria Limited (10%) and Nigerian Agip Oil Company Limited (5%) have
also assigned their interests in the lease, ultimately giving Shoreline a 45%
All approvals have been received from the relevant authorities of the Federal
Government of Nigeria. 
Notes to editors 
SPDC is the operator of a joint venture between the Nigerian National Petroleum
Corporation (55%), Shell (30%), Total E&P Nigeria Limited (10%) and Nigerian
Agip Oil Company Limited (5%). 
Shoreline Natural Resources Limited is a Nigerian joint venture company between
Shoreline Power Company Ltd and Heritage Oil Plc. 
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-0- Nov/09/2012 09:26 GMT
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