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Shell completes sale of Nigerian onshore subsidiary SPDC

ReutersMar 13, 2025 8:24 PM

March 13 (Reuters) - Shell SHEL.L 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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