Shell announces investment in $2 billion Nigerian offshore gas project with Sunlink
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Summary: The move highlights one of the first major steps by Shell to scale up its operations in offshore Nigeria, nearly eight months after the supermajor sold its onshore and shallow-water operations in Nigeria in a $2.4 billion deal to relocate offshore.
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a local unit of Shell plc, announced Tuesday it has taken a final investment decision on the $2 billion HI gas project offshore Nigeria, a venture with a capacity to supply 350 million standard cubic feet per day.
Discovered forty years ago, the HI field sprawls across 100m of water depth around 50km from the coast in the Gulf of Guinea, within the shallow-water block OML 144
The energy giant is joining forces with domestic player Su
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