General – Stakes
Nigeria’s state-owned energy company, NNPC, plans to sell stakes in some of its oil and gas assets and has invited bids from private investors.
The document shows that NNPC is offering interests in assets it owns outright as well as those held in partnership with international oil companies such as Shell, Chevron, Eni and TotalEnergies.
However, it did not disclose the size of the stakes on offer or how much the company hopes to raise from the sales.
According to the document, interested bidders must register online by January 10.
Pre-screening will follow, after which qualified firms will gain access to a secure virtual data room.
The process will include technical and financial assessments, document reviews, negotiations and regulatory approvals.
NNPC has previously outlined plans to sell at least 25% of the equity it holds in select oil and gas fields through full divestments or stake reductions.
