Sources: Nigeria's Taleveras, Aiteo Bid $2.85B For Shell Block

Consensus estimates of the value of the combined 45 percent stake in all four blocks are around $3 billion, showing how asset values are being inflated by a scramble among Nigeria's increasingly wealthy elites, analysts say.

But deals are fraught with pitfalls. U.S. energy company Chevron is embroiled in a legal battle over its own sale of three Niger Delta blocks. ConocoPhillips has been trying to close a $1.79 billion deal for over a year with Nigerian buyer Oando, although Oando says it has now raised the finance.

(Additional reporting by Joe Brock in Johannesburg; Writing by Tim Cocks; Editing by Dale Hudson)


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