Shell is doubling down on Nigeria’s oil-rich offshore prospects with a massive $5 billion investment in the Bonga North Deepwater Project, marking renewed optimism in the country’s energy sector.
At the prestigious Oloibiri Lecture Series and Energy Forum, Shell Nigeria Exploration and Production Company (SNEPCo) reaffirmed its commitment to Nigeria’s oil future, tying the new project to the nation’s historic first oil discovery in 1956 at Oloibiri.
“This forum celebrates our roots while focusing on the future,” said SNEPCo Managing Director Ronald Adams in a speech delivered by Joe Mordi. “With this investment, we’re setting the pace for sustainable energy through tech and supply chain excellence.”
Shell believes Nigeria’s upstream and downstream activities are on the verge of a renaissance, with this project acting as a catalyst. “It’s not just about barrels—it’s about building for generations,” Adams emphasized.
Source: orientalnewsng.com
