Shell Nigeria Oil Field Sale Draws Bids From Four Local Firms
- Shortlisted companies said to have submitted offers last month
- Shell is looking to exit six decades of onshore production
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Shell Plc’s sale of a multibillion dollar stake in a joint venture that operates oil fields in Nigeria has attracted bids from four local companies, according to people familiar with the negotiations.
Seplat Energy Plc, Sahara Group Ltd., Heirs Oil and Gas Ltd. and ND Western Ltd. submitted the non-binding offers in January, said the people, who asked not to be identified because the discussions are not public.