Special Adviser on Energy to Bola Tinubu, reacts to Shell's final investment decision on the Bonga North project, highlighting its significance in oil sector.

Nigeria Exploration and Production Company, SNEPCo, a subsidiary of Shell, has announced a final investment decision, FID, on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading,

Shell Plc says its Nigerian subsidiary, Shell Nigeria Exploration and Production Company Limited (SNEPCo), has announced a final investment decision (FID) on Bonga North, a deepwater project off the coast of Nigeria.

Shell (NYSE:SHEL) said Monday it has taken a final investment decision on its long-delayed Bonga North deepwater project off the coast of Nigeria, which would make it the country's first major deepwater development to move ahead in several years.

The Pan Niger Delta Forum (PANDEF) has commended President Bola Ahmed Tinubu and Shell Petroleum Development Company for successfully concluding the $5 billion Bonga North Deep Offshore Oil Deal, describing it as a landmark achievement that will enhance Nigeria’s energy security.

Shell said on Monday its Nigerian subsidiary has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria.

Shell Nigeria Exploration and Production Co. Ltd. (SNEPCo) has reached a final investment decision (FID) on the Bonga North development. The company said in a media release this deepwater project off the coast of Nigeria will be a subsea tie-back to the Shell-operated Bonga floating storage and offloading (FPSO) facility.

Shell PLC's Nigerian subsidiary approves final investment decision for Bonga North deep-water project, expected to produce 110,000 barrels/day.