The company’s interest in the oil mining lease 26 (OML 26) was acquired by Nigerian firm FHN26 Limited for $98m, while the company’s stake in the oil mining lease 42 (OML 42) was purchased by Neconde Energy for $390m.
OML 26, which covers an area of some 480sqkm, is now producing around 6,000 barrels of oil per day from two fields.
Operations had been shut down at OML 42 because of militant activity, and this lease covers an area of about 814sqkm and includes the Batan, Egwa, Odidi and Jones Creek fields.
Shell said that the sale of its interest in the oil leases is part of its strategy of refocusing its onshore interests in Nigeria.
