Cape Town-Shell hopes to complete the sale of its stake in four onshore oil blocks in Nigeria despite a breakdown in negotiations with potential buyers and months of delay, a senior company official told Platts last week. Ian Craig, executive vice president of Shell Exploration and Production, said in an interview in Cape Town November 3 the sale of the assets had become complex because of their size. "We have disposed of assets before and those went through fairly swiftly, so this is taking longer that we hoped. But these assets are more material so they are more complex," Craig said.
展开▼
