SPDC completes sale of oil mining lease 24

Nov 20, 2014

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has completed the assignment of its 30% interest in Oil Mining Lease 24 (OML24) and related facilities in the Eastern Niger Delta to Newcross Exploration and Production Limited (Newcross). Total cash proceeds for Shell amount to some $600 million.

First Oil produced from SNEPCo-Operated Bonga North West deep water project

Aug 6, 2014

Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) today (August 5, 2014) started oil production from the first well at the Bonga North West deep-water development off the Nigerian coast, another milestone for the country’s energy industry.

Team Nigeria enters for Shell Eco-marathon in Rotterdam

May 2, 2014

Two Nigerian universities are participating in the 2014 edition of Shell Eco-marathon Europe, the first teams from Sub-Saharan to enter the global event. The Shell Petroleum Development Company of Nigeria (SPDC) Ltd operated Joint Venture is sponsoring University of Lagos and University of Benin to the event which holds in the Dutch city of Rotterdam, May 15 – 18.