Chevron completes sale of 40 % stake in two Nigerian oil blocks - CNBC Africa

Chevron completes sale of 40 % stake in two Nigerian oil blocks

Western Africa

by Reuters 0

Chevron completes sale of 40 % stake in two Nigerian oil blocks. PHOTOS: harryhammer

U.S. oil company Chevron Corp said on Thursday it has completed the sale of its 40 percent stake in two Nigerian offshore oil blocks to local firm First Exploration & Petroleum Development Company Limited.

Chevron said in a statement that the sale of its interest in OML 83 and OML 85, started two years ago.

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