{"id":14756,"date":"2025-03-16T14:57:33","date_gmt":"2025-03-16T14:57:33","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14756"},"modified":"2025-03-16T14:58:43","modified_gmt":"2025-03-16T14:58:43","slug":"nigeria-shell-completes-sale-of-spdc-to-focus-its-portfolio-on-deepwater-integrated-gas-positions","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-shell-completes-sale-of-spdc-to-focus-its-portfolio-on-deepwater-integrated-gas-positions\/","title":{"rendered":"NIGERIA: Shell Completes sale of SPDC to focus its portfolio on Deepwater &amp; Integrated Gas Positions"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Shell has completed the sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance,\u00a0as\u00a0announced 16 January 2024<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The divestment of SPDC aligns with Shell\u2019s intent to simplify its presence in Nigeria through an exit of onshore oil production in the Niger Delta and a focus of future disciplined investment in its Deepwater and Integrated Gas positions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Renaissance now controls SPDC\u2019s 30% stake in the SPDC JV, an unincorporated joint venture with the government-owned Nigerian National Petroleum Corporation (55%), Total Exploration and Production Nigeria Ltd (10%) and Agip Energy and Natural Resources (Nigeria) Limited (5%).&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shell has completed the sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance,\u00a0as\u00a0announced 16 January 2024 The divestment of SPDC aligns with Shell\u2019s intent to simplify &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-shell-completes-sale-of-spdc-to-focus-its-portfolio-on-deepwater-integrated-gas-positions\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":10951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[11852,11067,1752,8117,11853,2297,11636],"class_list":["post-14756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-agip-energy","tag-niger-delta-2","tag-nigerian-national-petroleum-corporation","tag-nnpc","tag-renaissance","tag-shell","tag-spdc","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/09\/Nigeria-Shell-Petroleum-Development-Company.jpg?fit=1280%2C719&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Q0","jetpack-related-posts":[{"id":15519,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-totalenergies-sign-spa-with-vaaris-to-divest-its-oil-interest-in-renaissance-jv\/","url_meta":{"origin":14756,"position":0},"title":"NIGERIA: TotalEnergies Sign SPA with Vaaris to Divest its Oil Interest in Renaissance JV","author":"","date":"January 14, 2026","format":false,"excerpt":"TotalEnergies has announced that its subsidiary TotalEnergies EP Nigeria has signed a Sale and Purchase Agreement (SPA) with Vaaris for the sale of its 10% non-operated interest in the Renaissance JV licenses in Nigeria. The Renaissance JV, formerly known as the SPDC JV, is an unincorporated joint venture between Nigerian\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Nigeria-Map.png?fit=800%2C500&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Nigeria-Map.png?fit=800%2C500&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Nigeria-Map.png?fit=800%2C500&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Nigeria-Map.png?fit=800%2C500&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14455,"url":"https:\/\/www.oilnewskenya.com\/index.php\/acquisition-approval-delays-the-wrong-look-for-nigeria\/","url_meta":{"origin":14756,"position":1},"title":"Acquisition Approval Delays: The Wrong Look for Nigeria\u00a0","author":"","date":"July 30, 2024","format":false,"excerpt":"By NJ Ayuk, Executive Chairman, African Energy Chamber The Nigerian government needs to step up its game regarding approvals for indigenous companies acquiring in-country foreign energy assets. The negative consequences of approval delays, ranging from many months to two-plus years, include forfeited revenue from lost royalties and taxes, production shortfalls,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/nigeria-2024-bid-round-web.webp?fit=800%2C640&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/nigeria-2024-bid-round-web.webp?fit=800%2C640&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/nigeria-2024-bid-round-web.webp?fit=800%2C640&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/nigeria-2024-bid-round-web.webp?fit=800%2C640&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14435,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-eni-receives-consent-from-nuprc-to-the-sale-of-naoc-to-oando\/","url_meta":{"origin":14756,"position":2},"title":"NIGERIA: Eni receives consent from NUPRC to the Sale of NAOC to OANDO","author":"","date":"July 25, 2024","format":false,"excerpt":"\u00a0Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)\u00a0for the sale\u00a0of NAOC Ltd to Oando Plc. Having already obtained all other relevant local and regulatory authorities\u2019 authorizations, this achievement will allow Eni to proceed to the completion of the transaction for the sale of Nigerian Agip\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8822,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-to-establish-oil-and-gas-museum-research-center\/","url_meta":{"origin":14756,"position":3},"title":"Nigeria to Establish Oil and Gas Museum &#038; Research Center","author":"","date":"August 12, 2020","format":false,"excerpt":"The Nigerian federal government in partnership with the Bayelsa State Government and \u00a0Shell Petroleum and Development Company (SPDC) is set up to establish an Oil and Gas Museum and Research Center at Oloibiri, Bayelsa State sixty-four years after the discovery of crude oil in commercial quantities in the town. The\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Nigeria-Oloibiri-oil-well.jpg?fit=640%2C426&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Nigeria-Oloibiri-oil-well.jpg?fit=640%2C426&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Nigeria-Oloibiri-oil-well.jpg?fit=640%2C426&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13919,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeriaeni-to-sell-subsidiary-naoc-ltd-to-oando-plc\/","url_meta":{"origin":14756,"position":4},"title":"NIGERIA:Eni to Sell Subsidiary NAOC Ltd to Oando PLC","author":"","date":"September 4, 2023","format":false,"excerpt":"Eni announces the signing of an agreement with Oando PLC - Nigeria\u2019s leading indigenous energy solutions provider listed on both the Nigerian and Johannesburg Stock Exchange - for the sale of Nigerian Agip Oil Company Ltd (NAOC Ltd), the wholly Eni-owned subsidiary focusing on onshore oil & gas exploration and\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/eni.jpg?fit=664%2C443&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/eni.jpg?fit=664%2C443&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/eni.jpg?fit=664%2C443&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10604,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-decklar-resources-to-participate-in-asaramatoru-oil-field-in-oml-11\/","url_meta":{"origin":14756,"position":5},"title":"NIGERIA: Decklar Resources to Participate in Asaramatoru Oil field in OML 11","author":"","date":"July 20, 2021","format":false,"excerpt":"Decklar Resources has announced the completion of a Share Purchase Agreement to purchase all of the issued and outstanding ordinary shares of Purion Energy Limited , a Nigerian entity that has entered into a Risk Finance and Technical Services Agreement\u00a0 with Prime Exploration and Production Limited, the Operator of the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14756"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14756\/revisions"}],"predecessor-version":[{"id":14757,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14756\/revisions\/14757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/10951"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}