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/
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