The projects earmarked for investment will include deep offshore, shallow water as well as swamp and land terrain.
Sunday 07, April 2019
(Bloomberg) --Shell Petroleum Development Company plans to invest about $15 billion in oil and gas projects in Nigeria over the next five years.
The company operates under a joint venture between the Nigerian National Petroleum Corporation, Royal Dutch Shell, as well as Total Exploration and Production Nigeria and Nigerian Agip Oil Company.
Additionally, Shell holds a 30 per cent stake in the business.
Nosa Okunbor, the Managing Director of Shell Venture, said that Shell has also taken a final investment decision regarding the 300 million standard cubic feet/day Assa North Ohaji gas project, which is expected to generate 1,200 megawatts.