Nigeria Secures $2 Billion Shell Gas Project
[NigerianEye - Nigeria] - 14/10/2025
President Bola Ahmed Tinubu has hailed Shell’s $2 billion Final Investment Decision (FID) for a new gas project in the shallow offshore HI Field, located in OML 144, as a testament to Nigeria’s revitalized investment climate. The announcement marks Nigeria’s third major oil and gas FID in the last 18 months, bringing total upstream investment commitments to over $8 billion since Tinubu took office in 2023.The Non-Associated Gas (NAG) development project is set to deliver approximately 350 million standard cubic feet of gas per day (mmscf/d) from 2028, equivalent to nearly a third of the (…)
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