Shell is reportedly planning to restructure its Nigeria assets and the sale of the two offshore blocks is deemed to be part of the process. The company is said to be looking to generate around $9 billion from asset sales during the current fiscal year.
The minority stakes of 49.8% each are expected to fetch around $900 million. Italian oil giant, Eni, holds the remaining 50.2% stake in the offshore blocks through its Agip division.
