Posted by John Donovan: 6 Mar 24
In a move that’s as surprising as finding out water is wet, Shell is packing its bags and bidding adieu to Nigeria’s onshore oil and gas scene. But not without a parting gift: a hefty cleanup bill and a landscape that looks more like a villain’s backyard in a post-apocalyptic movie. The grand exit strategy involves handing over the keys to a consortium of five mostly local companies for a modest $2.4 billion, because, you know, why deal with the mess when you can just sell it off?