The attention of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been drawn to a publication in the Businessday of September 11, 2024, purporting that the Commission has accepted Shell International PLC’s bid to sell its onshore assets to Renaissance in a transaction worth $1.3 billion.
It must be firmly stated that the information contained in the publication did not emanate from the Commission.
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As part of the Commission’s commitment to transparency and accountability, it will communicate its position on the transaction to the public at the appropriate time.
Industry stakeholders and the general public [sic] are advised to disregard the publication as it is baseless.
Signed:
Mrs Olaide Shonola,
Head, Public Affairs and Corporate Communication
September 11, 2024
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