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Exploration

Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group 

Rex International Holding has engaged London-based independent investment bank, Hannam & Partners (H&P), as its exclusive corporate finance advisor with respect to the recently awarded production sharing contract (PSC) for Block 1, Sèmè Field in Benin 

Speakers participating during a finance panel at the Libya Energy & Economic Summit (LEES) shared that the country’s planned licensing rounds – for domestic companies as well as an international tender – will be launched soon, in line with national targets to more than double oil production 

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