On Tuesday, January 16, 2024, the Anglo-Dutch company Shell formalized the sale of its onshore oil and gas interests in Nigeria through the Shell Petroleum Development Company of Nigeria Limited (SPDC), its subsidiary in the country.

"serif">Oil company Shell intends to reposition itself strategically in Nigeria's oil and gas sector where it wants to continue to play a leading role. The oil and gas interests put up for sale by this company include 4 Nigerian oil companies, namely ND Western, Aradel Energy, First E&P and Waltersmith, as well as Petrolin, based in Switzerland, which will acquire Shell's onshore oil interests for a total of 2.4 billion dollars. The acquirers will subsequently make an additional payment of approximately $1.1 billion to take into account potential existing obligations or receivables of SPDC as of the closing date of the