Oil giant, the Royal Dutch Shell Plc has notified the Nigerian government that it would like to buy some of U.S. firm, Chevron Nigeria's licences.
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A report by the US-based Wall Street Journal, WSJ, filed from London, weekend, quoted an unnamed senior Nigerian government official.
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The paper said it would be a rare acquisition by an international energy company in Nigeria, where oil companies have in recent years generally exited acreage amid mounting security risks.
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It could also herald Shell's exit from long dormant oil assets in the Ogoniland region, where strident local opposition to its presence has prevented the company from producing oil since the 1990s.
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The paper said buying Chevron's blocs would effectively allow Shell to reduce its presence in the more challenging areas, while retaining enough assets to feed Shell's existing pipelines.
All I know is great companies are always bound to make profits so we all just expect the very best in situations like this. Good one!