The transaction, Shell said in a release on Tuesday, will preserve SPDC’s operating capabilities for the benefit of the joint venture.
The transaction, the statement further added, has been designed to preserve the full range of SPDC’s operating capabilities following the change of ownership. This includes the technical expertise, management systems and processes that SPDC implements on behalf of all the companies in the SPDC Joint Venture (SPDC JV). SPDC’s staff will continue to be employed by the company as it transitions to new ownership.
