Big moves as Shell, ExxonMobil, others to transfer 26 oil blocks to local firms

• The NUPRC has disclosed that international oil companies (IOCs) have proposed transferring 26 oil blocks to local firms
• The IOCs include Nigerian Agip Oil Company, ExxonMobil, EQUINOR, and Shell Petroleum Development Company
• The commission added that these blocks have the potential to boost national production and benefit stakeholders significantly

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

The Nigerian government has announced that four International Oil Companies (IOCs) are set to divest from 26 oil blocks in the country.

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