Bidders flock to Shell’s Nigeria sale
At least 18
consortia are working on bids for Nigerian oil rights being sold by
Royal Dutch Shell and partners, the Sunday Times newspaper said, citing
unidentified sources close to the process. Sources reveal that Nat
Rothschild, scion of the banking dynasty, was backing one group of
bidders, while Russian gas group, Gazprom, was leading a bid with
Nigerian resources firm, Equinox Group.
London-listed oil
industry services group, Petrofac, has joined forces with Nigerian gas
firm, Seven Energy, to bid for one of the blocks being sold, while
London-listed oil group, Afren, also plans to make an offer, it added.
Shell, which is selling four onshore fields along with partners Total and Eni, declined to comment.
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