Shell says Bonga South West could reach final investment decision after pre-FID work with partners and Nigerian government support.

Shell Companies in Nigeria have revealed plans to invest up to $20 billion in the Bonga South West deepwater oil ...

Shell Plc and its partners in Nigeria are exploring how to develop a big oil field in the West African nation, a step that could one ...

President Bola Tinubu has approved the gazetting of targeted, investment-linked incentives to support Shell’s proposed Bonga South-West deep-offshore oil project, a move ...

Bonga South West, located in deepwater in Nigeria’s oil producing Niger Delta, is estimated to have 820 million barrels of reserves with a potential peak production capacity 220 000 barrels a day.

In 2016, Shell had estimated the project’s investment cost at $12 billion. Located in the deep offshore OML 118 block, ...

Shell PLC’s (NYSE:SHEL) Nigerian subsidiary SNEPCo made the final investment decision for Bonga North, a deep-water project off Nigeria’s coast. Bonga North, classified as 2P (proven and probable) ...

Shell Nigeria Exploration and Production Company (“SNEPCo”), a subsidiary of the British energy giant, has agreed to acquire the 12.5% participating interest owned by TotalEnergies EP Nigeria, a ...

Bonga floating, production, storage and offloading (FPSO) vessel in deep water, Gulf of Guinea, Nigeria, 2015. Shell Nigeria Exploration and Production Co. (SNEPCo), a subsidiary of Shell plc, has ...

TotalEnergies signed a deal to sell its 12.5 percent stake in Nigeria's OML118, which contains the producing Bonga field, to Shell for $510 million. TotalEnergies SE has signed a deal to sell its 12.5 ...

The signing of the $5 billion Final Investment Decision (FID) for the Bonga North Deep Offshore field by Shell and other investors has been hailed as a testament to Nigeria’s investment-friendly ...

Shell SHEL0.40%increase; green up pointing triangle will buy TotalEnergies’ TTE 0.53%increase; green up pointing triangle stake in an oil field offshore Nigeria for $510 million, increasing its ...