- after $5 Billion Commitment on Bonga North
The Managing Director of Shell Nigeria, Osagie Okunbor, on Tuesday unveiled a raft of new upstream oil and gas investment opportunities at the ongoing Nigerian Oil and Gas Opportunity Fair (NOGOF 2025) in Yenagoa, Bayelsa State.
Speaking at the headquarters of the Nigerian Content Development and Monitoring Board (NCDMB), Okunbor outlined Shell’s expansive footprint in Nigeria through Shell Nigeria Exploration and Production Company (SNEPCo), Shell Nigeria Gas (SNG), and its stake in the Nigeria LNG (NLNG) project.
Okunbor who was represented at the event by Mr. Charles Oranyeli, General Manager, Contracting and Procurement at SNEPCo, said Shell holds interests in three deepwater oil blocks, including OML 118 (home to Bonga), OML 135, and a 43.75% stake in OML 133, operated by ExxonMobil.
“We want to extend the life of Bonga Main through a major turnaround maintenance project in Q1 2026. This will help sustain production for another 15 years,” Okunbor announced. “There are huge opportunities in engineering design, drilling, fabrication, and logistics—especially for Nigerian companies.”
He also confirmed that Final Investment Decision (FID) had already been taken on Bonga North and anticipated for Bonga South West in 2027. “Bonga South West alone will involve significant investment in offshore infrastructure, gas processing, pressure vessels, marine vessels, and helicopter logistics,” he added.
Shell is also progressing shallow water projects such as the HI Field Unit (HIFU) in OML 144. “We are leveraging existing infrastructure to deliver oil at competitive costs. There’s scope for fabrication, civil works, pipeline construction—over 20 kilometres—and procurement,” he stated.
On natural gas, Okunbor said Shell remains committed to helping Nigeria achieve energy transition targets. “With our 25.6% share in NLNG and operations through Shell Nigeria Gas, we are boosting cleaner, domestic gas usage and exports,” he said.
Okunbor concluded by reaffirming Shell’s long-term commitment to Nigeria’s oil and gas sector. “Our goal is to continue supporting Nigeria with impactful investments that create jobs and enhance energy security,” he said.
