Oil majors offered faster Nigerian exit if they pay for cleanup
Major oil companies such as Exxon Mobil (XOM.N), opens new tab and Shell (SHEL.L)
, opens new tab that aim to exit Nigeria’s onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame, the regulator said on Friday.
Exxon, Shell, TotalEnergies (TTEF.PA) have all sought to leave Nigeria’s oil-rich Niger delta in recent years citing security concerns, including theft and sabotage, to focus on deepwater drilling. However, their exits have been delayed by regulatory hurdles.