Nigerian businesses remain on the lookout for strategic opportunities. Thus, Sahara Group of businessman Tonye Cole, Seplat Energy – a major operator in the Niger Delta, listed on the Nigerian and London stock exchanges -, Famfa Oil of billionaire Folorunsho Alakija or even actors such as Troilus Investments Limited and Nigeria Delta Exploration and Production (NDEP) are just some of the companies that are currently preparing their bid to take over Shell’s oil and gas assets in the country, Archyde.com reveals, citing sources familiar with the matter.
19 petroleum mining concessions at stake for … 3 billion dollars
In Africa’s largest economy, Shell owns a 30% local subsidiary – Shell Petroleum Development Company of Nigeria – which it shares with the Nigerian National Petroleum Company (55%), the French and Italian giants TotalEnergies. (10%) and Eni (5%).
It was in May 2021 that the Anglo-Dutch hydrocarbon giant entered into negotiations with the Nigerian authorities to sell its stakes in 19 oil mining concessions valued between 2 and 3 billion dollars.
Tender offers must be submitted by January 31. In the sector, the ability of these local players to raise sufficient funds to conclude a deal with Shell is questioned, in a post-COP26 context where the financing of fossil fuels has been singled out, pushing around twenty states and institutions. to provide for the reduction or termination of funding for this type of activity at the end of the current year.