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Shell To Sell European LPG Business, Oil and Gas Fields In The North Sea and Nigeria, and Five Niger Delta Oil Leases - Deal Analysis From GlobalData
GlobalData, Feb 2011, Pages: 10
Shell To Sell European LPG Business, Oil and Gas Fields In The North Sea and Nigeria, and Five Niger Delta Oil Leases - Deal Analysis From GlobalData
Summary
Shell To Sell European LPG Business And Oil and Gas Fields In The North Sea And Nigeria
Royal Dutch Shell Plc (Shell) plans to sell its liquefied petroleum gas (LPG) distribution unit and fields in the North Sea and Nigeria. The transactions is expected to be valued at approximately EUR1 billion ($1.35 billion). The assets include Shell’s French-based European LPG business, which sells bottled gas to rural homes and caravans. Axa Private Equity, Bain Capital, LLC and PAI Partners have shown their interest for the acquisition of Shell’s LPG business. Capital Partners Ltd. and The Carlyle Group are also rumored to be interested. In addition, Shell also plans to sell some mature oil and gas fields in the North Sea and Nigeria. The company intended to use the proceeds from the transaction to fund its capital spending program of $28 billion in 2010. Credit Suisse Group AG is acting as financial advisor to Shell with respect to the transaction.
Royal Dutch Shell Plans To Sell Five Niger Delta Oil Leases
Shell intends to sell five oil leases in Nigeria's Niger Delta to certain Nigerian oil companies, including Midwestern Oil & Gas Corporation, Niger Delta Petroleum Resources Ltd., and Seplat Petroleum Company Limited, ThisDay newspaper commented. The five oil leases include Oil Mining Leases (OML) 26, 30, 34, 40 and 42 in the Niger Delta.
Scope
- Rationale behind Shell selling its European LPG business, Niger Delta and North Sea assets,
- Strategic Benefits for the companies involved,
- Geography covered -France, Nigeria
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in European and African Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the France and Nigeria's oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
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