Shell completes acquisition of increased interest in Nigeria’s deep-water Bonga field
Published by Emilie Grant,
Assistant Editor
Oilfield Technology,
Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell plc, has completed the previously announced agreement and increased its stake in the OML 118 Production Sharing Contract (OML 118 PSC) from 55% to 65%.
Following our final investment decision on Bonga North last year, this acquisition represents another significant investment in Nigeria deep-water, and is part of Shell’s strategy to further invest in competitive existing assets that contribute to sustained liquids production and growth in our Upstream portfolio.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/25112025/shell-completes-acquisition-of-increased-interest-in-nigerias-deep-water-bonga-field/
You might also like
The cost of capital discipline: Big Oil faces production cliff edge
30 of the world’s largest companies must find 22 million bpd by 2040. Companies will need to deploy every tool in the business development playbook to square the circle