Fri, 21st Jun 2013 13:44
LONDON, June 21 (Reuters) - Anglo-Dutch oil company RoyalDutch Shell said on Friday it may exit further leasesin the eastern part of Nigeria's Niger Delta as part of astrategic review.
Shell's Nigerian subsidiary, the Shell Petroleum DevelopmentCo. of Nigeria Ltd. (SPDC), announced the plan in an emailedstatement.
The statement also said SPDC had decided to invest in twoprojects, the Trans-Niger Pipeline loop-line and Phase Two ofthe Gbaran-Ubie gas project, which will cost around $3.9billion.
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