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Shell completes $1.7 billion sale of Nigerian assets to Aiteo

Wed, 25th Mar 2015 16:25

ABUJA, March 25 (Reuters) - Oil major Shell said onWendesday it completed the sale of its 30 percent stake in theNigerian oil block 29 and the Nembe Creek trunk line to AiteoEastern Exploration and Production Co for $1.7 billion.

Total and Eni's Nigerian arms also assigned their interestsof 10 percent and 5 percent, respectively, to Aiteo, which endedup with a 45 percent interest in total for both assets.

(Reporting By Julia Payne; Editing by Tim Cocks)

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