• Home
  • Energy
  • Shell, Sunlink greenlight HI gas project to boost Nigeria LNG exports
Image

Shell, Sunlink greenlight HI gas project to boost Nigeria LNG exports

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, and Sunlink Energies and Resources Limited have approved a final investment decision (FID) for the HI gas project offshore Nigeria, marking a significant step in expanding the country’s liquefied natural gas (LNG) capabilities.

The HI project, located in 100 meters of water depth approximately 50 kilometers from Nigeria’s coast, is expected to deliver a peak production of 350 million standard cubic feet of gas per day, equivalent to about 60,000 barrels of oil equivalent. The gas will supply Nigeria LNG (NLNG), where Shell holds a 25.6% interest, supporting NLNG’s role as a key exporter of LNG to global markets. Production is slated to commence before the decade’s end.

“This decision underscores our commitment to Nigeria’s energy sector, focusing on Deepwater and Integrated Gas,” said Peter Costello, Shell’s Upstream President. “The HI project will strengthen Shell’s global LNG portfolio while supporting Nigeria’s ambition to become a major player in the international LNG market.”

ALSO READ: GOLDMAN SACHS TO ACQUIRE INDUSTRY VENTURES FOR UP TO $965M

The project aligns with Shell’s strategy to grow its global LNG volumes by 4-5% annually through 2030. It will feed NLNG’s Train 7 expansion at the Bonny Island terminal, enhancing Nigeria’s economic development through job creation in construction and operations. The HI field, discovered in 1985, holds an estimated 285 million barrels of oil equivalent in recoverable resources.

Operated as a joint venture with Sunlink Energies (60%) and SNEPCo (40%), the project includes a four-well wellhead platform, a pipeline to transport gas to an onshore processing plant at Bonny, and condensate delivery to the Bonny Oil and Gas Export Terminal.

This development follows Shell’s recent investment in the Bonga North project and increased stake in the Bonga field, reinforcing its disciplined investment approach in Nigeria.

Related Posts

Wema Bank targets on tier-one status with expansion drive

Wema Bank has signaled its bold ambition to join the ranks of Nigeria’s elite tier-one lenders, marking a…

Seplat Energy targets 500k barrels daily and $1bn dividends in new 5-year plan

Seplat Energy Plc has announced a bold five-year strategic growth plan aimed at scaling oil production to 500,000…

AFF 2026:Okhaimo advocates for credit guarantees as catalyst for Nigeria’s $1trn economy

Bonaventure Okhaimo, Managing Director and Chief Executive Officer of the National Credit Guarantee Company (NCGC), has called for…

FirstBank appoints Julius Omodayo-Owotuga as Executive Director

FirstBank of Nigeria Limited has announced the appointment of Dr. Julius B. Omodayo-Owotuga as Executive Director, The appointment,…

Leave a Reply

Your email address will not be published. Required fields are marked *