OML30 is spread over an area of about 1097km² and includes the Kokori, Afiesere, Oweh, Olomore, Eriemu, Evwreni, Oroni and Isioka fields.
Sold assets also includes most of the Trans Forcados major crude oil pipeline from OML30 to the Forcados River.
SPDC joint venture will retain the remaining 8 km to the Forcados terminal.
The fields produced around 35,000 barrels per day of oil and condensate (100%).
SPDC said the divestment is part of the firm’s strategy to re-shape its onshore portfolio.
Total E&P Nigeria, which holds 10% and Nigerian Agip Oil Company, which holds 5%, have also assigned their interests in the lease, providing shoreline a 45% interest in the project.
All relevant authorities of the Federal Government of Nigeria have given their approval for the transaction.
For more than 50 years, Shell is present in Nigeria in both onshore and offshore.
