Chevron (CVX) is selling its stake in two Nigerian shallow water oil blocks holding ~200M...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX) is selling its stake in two Nigerian shallow water oil blocks holding ~200M barrels of oil, the latest oil major seeking to dispose of assets in Africa's largest producer but where oil theft and a delayed energy law create uncertainty. Shell (RDS.A, RDS.B), Total (TOT) and Eni (E) have sold several blocks; ConocoPhillips (COP) is planning a ~$1.8B sale.