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SEC drops inquiry into Shell's OPL 245 deal, company says

Published 23/04/2020, 17:08
SEC drops inquiry into Shell's OPL 245 deal, company says

LONDON, April 23 (Reuters) - The U.S. Securities and
Exchange Commission has dropped its inquiry into Royal Dutch
Shell's 2011 acquisition of an offshore oil block in Nigeria,
the Anglo-Dutch company said on Thursday.
"The SEC has notified us that it has closed its inquiry into
Shell in relation to OPL 245," a Shell spokeswoman said.
On Wednesday, Italy's Eni, which acquired the OPL 245 block
together with Shell, said the SEC had also closed its
investigation into its activity in Nigeria, as well as other
activities in Congo. Eni and Shell are currently on trial in Italy over
allegations they bought OPL 245 in 2011 knowing most of the $1.3
billion price would go to agents and middlemen in bribes.


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