Shell completes sale of Nigerian onshore subsidiary SPDC-March 2024-www.financetom.com

Shell completes sale of Nigerian onshore subsidiary SPDC

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Shell completes sale of Nigerian onshore subsidiary SPDC

Mar 13, 2025 1:45 PM

March 13 (Reuters) - Shell said on Thursday it

had completed the sale of its Nigerian onshore subsidiary, Shell

Petroleum Development Company of Nigeria Limited (SPDC), to

Renaissance.

Renaissance, a consortium of five firms comprising four

Nigerian exploration and production companies and an

international energy group, now controls a 30% stake in the SPDC

joint venture.

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