UPDATE 1-Eni to become latest energy giant to exit Nigerian onshore operations

Italy's Eni signed on Monday an agreement to sell its unit Nigerian Agip Oil Company (NAOC) to Nigerian counterpart Oando, the group said in a statement, in the latest move by an energy giant out of the country. Amid rampant oil theft from pipelines, perpetual clashes with communities and more focused exploration budgets, nearly all international oil majors, including Shell and Exxon Mobil Corp, are trying to sell their onshore assets in the country. Eni's NAOC, which focuses on oil and gas exploration and production, has interests in four onshore blocks and two onshore exploration leases in Nigeria, the group said.