- Royal Dutch Shell (RDS.A, RDS.B) agrees to sell its interests in Oil Mining Lease 29 and the Nembe Creek Trunk Line in Nigeria, along with related facilities in the eastern Niger Delta, to Nigeria-based Aiteo Eastern E&P Co. for $1.7B in cash.
- The fields being sold produced an average ~43K boe/day last year.
- Shell has been steadily paring its Nigeria holdings since 2010, weary of the pipeline theft and corruption that has plagued the country.