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Shell May Receive Two Local Bids for Nigeria Oil Fields

  • Binding offers for onshore unit are said to be due this week
  • Shell will retain its deepwater and gas production operations

Shell Plc is set to receive two final offers this week for its onshore oil and gas fields in Nigeria, according to people with knowledge of the matter.

Local companies Heirs Oil and Gas Ltd., and ND Western Ltd. are competing to buy Shell’s 30% interest in the joint venture, which operates assets in the Niger Delta and nearby offshore areas. Bids are due June 10, the people said, asking not to be identified because the information is private.