Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited. : In a statement posted on its website on Tuesday, Shell announced that it has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance. Renaissance is a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group, Shell highlighted in the statement. It comprises ND Western, Aradel Energy, First E&P, Waltersmith, and Petrolin, Shell pointed out.