TOTAL DEVELOPING PROJECTS, AS OTHER IOCS DIVEST

International Oil Companies (IOCs) playing in the Nigerian oil and gas space are showing divergent views on the attractiveness of assets as some are moving on with developments while others divest.

Royal Dutch Shell Plc , Europe’s largest oil company, said yesterday it is advancing plans to sell four fields in Nigeria, to meet a $15 billion asset-sales plan, even as French Oil major Total told BusinessDay that it was moving ahead with projects in the country, despite the uncertainty from the late passage of the PIB.

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