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Kulczyk and Afren have finally been allowed to buy Shell’s stakes on OML 26 and 42. But state-run NPDC has reserved the role of operator for itself. [...]
The Neconde consortium sealed its acquisition of the 45% of OML 42 owned by Shell (30%), Total (10%) and ENI [...]
NNPC wants to pre-empt Shell’s stake on gas-rich OML 42 but doesn’t have the money. Several oil companies are ready to finance it and recover the loan from output. [...]
Following Total’s refusal to dispose of it minority stakes in OML 30 and 34, the block drawing the most attention in Shell’s disinvestment program has been OML 42. [...]
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