Sunlink Energies and Resources Limited and Shell Nigeria Exploration and Production Company Limited (SNEPCo), a division of Shell plc, have reached a final investment decision (FID) for the HI gas project offshore Nigeria. According to Daily Trust, the decision included investing $2 billion in OML 144’s shallow offshore HI fieldWhen the project is finished, it will provide Nigeria LNG, which Shell owns, with 350 million standard cubic feet (about 60,000 barrels of oil equivalent) of gas per day at peak output. Shell owns a 25.6% stake in NLNG, a company that generates and distributes liquefied natural gas to international markets. The production is anticipated to start before the end of this decade, Shell stated in a statement Wednesday. According to Daily Trust, this follows Shell’s previous FID for the $5 billion Bonga North Development project. Speaking on the new FID, Shell’s Upstream President, Peter Costello, stated: “Today’s announcement shows our sustained commitment to Nigeria’s energy industry, with a focus on Deepwater and Integrated Gas, following recent investment decisions relating to the Bonga deep-water development.
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