Nigeria’s upstream investment commitments now $8bn with Shell’s gas project FID -Presidency
[NigerianEye - Nigeria] - 14/10/2025
Following Shell’s final investment decision (FID) on the HI gas project, the presidency says Nigeria’s total upstream investment commitments have risen to $8 billion since President Bola Tinubu assumed office. Earlier on Tuesday, Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, announced an FID on the HI offshore gas project in Nigeria. The decision, taken in partnership with Sunlink Energies and Resources Limited, saw the injection of $2 billion in the shallow offshore HI field in OML 144. Reacting to the development, the presidency said (…)
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