* Chevron selling some onshore, shallow offshore assets
-sources
* Company focusing on developing U.S. shale
By Libby George and Ron Bousso
LAGOS/LONDON, Oct 29 (Reuters) - Chevron is seeking to sell
several Nigerian oilfields as part of a global drive to reshape
its portfolio as it focuses on growing its U.S. shale output,
banking and industry sources said.
Chevron joins rivals including Exxon Mobil and Royal
Dutch Shell in a drive by foreign oil companies to
reduce their footprint in Africa's largest oil producer which
has been mired in political and security instability in recent
years.
The San Ramon, California-based company, Nigeria's third
largest oil producer, is looking for buyers for a number of its
the onshore and shallow offshore fields, where local producers
have expanded their presence.
Chevron did not respond to a request for comment.
Chevron's Nigerian subsidiary operates and holds a 40%
interest in 8 blocks in the onshore and near-onshore regions of
the Niger Delta under a joint venture with Nigeria's National
Petroleum Company (NNPC), according to its website.
The discussions are being held directly with potential
buyers and Chevron is not planning to launch a tender process
for the assets at this stage, two of the sources said.
In 2018, Chevron's production in Nigeria reached 194,000
barrels of crude oil per day, 233 million cubic feet of natural
gas per day and 6,000 barrels of liquefied petroleum gas (LPG)
per day, according to its website.
(Additional reporting by Jennifer Hiller in Houston; editing by
David Evans)
