Chevron has announced plans to sell its interest in two Nigerian
shallow-water oil mining leases. The company did not give any details of
reserves, but a company spokesman who spoke to Reuters explained that “As part
of a continuous process of portfolio evaluation and business prioritisation, Chevron
Nigeria Limited … has put forward its interests in two oil mining leases for
auction,”
“The assets are located in the shallow waters.”
Chevron owns a 40 percent stake in 13 shallow water blocks with Nigeria‘s state oil firm NNPC and also has several deep offshore assets. Its 2012 net daily production in Nigeria averaged 238,000 barrels of crude oil and 165 million cubic feet of natural gas.
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