Shell's subsidiary, Shell Petroleum Development Company of Nigeria (SPDC), has completed the sale of its stake in oil mining lease (OML) 29 and the Nembe Creek Trunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta of Nigeria. The assets are sold to Aiteo Eastern E&P Company for a total cash consideration of US$1.7bn. The OML29 includes the Nembe, Santa Barbara and Okoroba fields and related facilities, with an average production of 43,000 boe/d in 2014, while the 100-km long Nembe Creek Trunk Line can transport up to 600,000 bbl/d. It was commissioned in 2010 and evacuates crude to the Bonny Crude Oil Terminal (BCOT). BCOT is not part of the transaction and will remain owned & operated by the SPDC JV. Total and Agip have also assigned their interests of 10% and 5% respectively in the lease, ultimately giving Aiteo Eastern E&P a 45% interest in OML29 and the Nembe Creek Trunk Line. All approvals have been received from the relevant authorities of the Federal Government of Nigeria.