Nigeria, May 4 -- The Nigerian government on Friday said four International Oil Companies (IOCs) will divest from a total of 26 oil blocks in the country.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Gbenga Komolafe, said the proposed oil blocks belong to Nigerian Agip Oil Company, ExxonMobil (Mobil Producing Nigeria Unlimited), EQUINOR and Shell (Shell Petroleum Development Company of Nigeria Limited).

Mr Komolafe disclosed this during the industry dialogue on divestment in Abuja on Friday.

He said Oando is seeking to acquire NAOC assets from Eni while Seplat is bidding to take over Mobil assets.

The Equinor divestment to Chappal includes a stake in the prolific Agbami oil field and Renaissance to ac...