LAGOS (Chatnewstv.com) — Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a $2 billion investment in Nigeria’s HI offshore gas project following a final investment decision (FID) reached with Sunlink Energies and Resources Limited.
The project, located in the shallow-water HI field within Oil Mining Lease (OML) 144, marks one of Shell’s most significant commitments to Nigeria’s upstream gas development in recent years.
“This investment demonstrates our continued confidence in Nigeria’s energy sector and our partnership with local operators to deliver cleaner, more reliable energy,” SNEPCo said in a statement Monday.
The HI gas project is expected to expand domestic gas supply, boost export capacity, and support Nigeria’s transition toward a more sustainable energy mix.
Sunlink Energies described the partnership as a milestone for indigenous participation in large-scale energy projects, adding that the venture would “create jobs, stimulate local content, and enhance energy security.”
The final investment decision comes amid renewed efforts by the Nigerian government to attract foreign investment into the energy sector and increase gas production to meet both domestic and export demand.
