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Posted by Rotimi Fadeyi Business News, Featured, Latest Headlines Friday, October 17th, 2025
(AFRICAN EXAMINER) – Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, unneurotic with Sunlink Energies and Resources Limited, person taken a last concern determination (FID) connected the HI state task offshore Nigeria.
This was contained successful a property merchandise signed by Shell Communications Manager. Gladys Afam-Anadu.
When completed, the task wouevld proviso 350 cardinal modular cubic feet (approximately 60 1000 barrels of lipid equivalent) of state per time astatine highest accumulation to Nigeria LNG (NLNG; Shell involvement 25.6%), which produces and exports liquified earthy state (LNG) to planetary markets.
Production is expected to statesman earlier the extremity of this decade.
“Following caller concern decisions related to the Bonga deep-water development, today’s announcement demonstrates our continued committedness to Nigeria’s vigor sector, with a absorption connected Deepwater and Integrated Gas,” said Peter Costello, Shell’s Upstream President.
“This Upstream task volition assistance Shell turn our starring Integrated Gas portfolio, portion supporting Nigeria’s plans to go a much important subordinate successful the planetary LNG market.”
The summation successful feedstock to NLNG, via the Train 7 task that aims to grow the Bonny Island terminal’s accumulation capacity, is successful enactment with Shell’s plans to turn its planetary LNG volumes by an mean of 4-5% per twelvemonth until 2030.
It would besides bolster NLNG’s publication to Nigeria’s nationalist economical improvement goals, including jobs successful operation and operations.
The HI tract was discovered successful 1985 and lies successful 100m of h2o extent astir 50km from the shore. The existent estimated recoverable assets volumes of the HI task are astir 285 mmboe (million barrels of lipid equivalent).
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