Shell plans $15bn investment in Nigeria as NCDMB opens NOGOF 2019

-By Yange Ikyaa

Shell Petroleum Development Company of Nigeria (SPDC) has said it prepared an investment portfolio of $15 billion in the country over the next 5 years.

Osagie Okunbor, who is the Managing Director of SPDC and Country Chair, Shell Companies in Nigeria, stated this Thursday, April 4 while speaking at the opening day of the Nigerian Oil and Gas Opprtunity Fair (NOGOF), in Yenagoa, Bayelsa State.

The conference is a biannual event hosted by the Nigerian Content Development and Monitoring Board (NCDMB).

Okunbo said there are 24 projects in planning and that some of the projects being planned cover export and domestic gas, as well as oil projects spread across offshore, swamp and land terrains.

He further assured that Shell has bench marked to meet and possibly surpass Nigerian content feats achieved by Total at Bonga SW.

Shell currently has about six gas projects focused on Train 1 to 6engne fuel and are also expected to support Train 7. There are also 18 wells to be drilled and there are line pipes to lay for a distance of 100 kilometers, apart from the vast opportunities in fabrication and civil works.

In the area of domestic gas, including Assa Gas in Enugu, there are nine projects and there are over 40 wells to be drilled, with six onshore projects and line pipes of over 700 kilometers.

For offshore opportunities, there are three deep water, and four shallow water projects, bringing the total of all oil wells to be drilled by Shell to about 65. He also said that Bonga SW remains the next big project after EGINA.