Shell will be reducing activities in Nigeria and appears to be selling off below market price due to all the hassle there. John Browne leading a consortium. All in Sunday Times.
If true, this will be a major blow in the face of Shell, they give up. Precisely what you can expect from beancounters who have never worked in bad places like Nigeria… I see it as reducing value. Bunch of cowards.
And what happened to the promises of Brinded? By 2013 or 2014 he ‘hoped’ to realise 6-6.5 mln boe/d. And this ‘promise’ was as recent as 2005 or thereabouts. I would like to know where the deliverable is?