Shell approved a new deep-water oil project in Nigeria Bonga North while seeking to exit its onshore assets in the country.
Shell ’s Nigeria n subsidiary has approved the Bonga North deep-water project off the coast of Nigeria , the UK-based supermajor said on Monday, announcing the final investment decision for the development. The Bonga North project will be a subsea tie-back to the Shell -operated Bonga Floating Production Storage and Offloading FPSO facility which Shell operates with a 55% interest. The project will sustain oil and gas production at the Bonga facility, Shell said.
The announcement of the FID came a day after Nigeria’s maritime agency said this weekend that an oil spill had occurred at Shell’s Bonny loading terminal in Nigeria’s Delta region after a pipeline ruptured. Shell’s local unit has shut down the affected pipeline. Shell is also seeking to sell its onshore assets in the largest African OPEC producer.
Nigeria Bonga North Project Deep-Water Oil Oil Production Shell's Exit Onshore Assets Niger Delta Oil Spill Investment
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