Royal Dutch Shell faces some difficult questions in Nigeria as it decides how to allocate investments between the deepwater and onshore/shallow areas during the next few years. The company has been scaling back its onshore operations since 2008 -- putting four blocks on the market in 2010 alone. However, uncertainty over the country's Petroleum Industry Bill -- with early draft provisions hiking deepwater royalties -- have caused Shell's deepwater arm Snepco to hold back, too.
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