SEATTLE (Oil Monster): Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell, in partnership with Sunlink Energies and Resources Limited, has announced the final investment decision (FID) for the HI Gas Project located offshore Nigeria.
The project site is situated about 50 kilometers off the coast in 100 meters of water depth and will include a wellhead platform with four production wells. The estimated recoverable resources from the field are around 285 million barrels of oil equivalent (mmboe).
Once completed, the HI Project is expected to deliver 350 million standard cubic feet of gas per day, equivalent to roughly 60 thousand barrels of oil equivalent, to Nigeria LNG (NLNG) at peak production. First gas production is targeted before 2030, with output designated for liquefied natural gas (LNG) production and export to global markets.
Peter Costello, Shell’s Upstream President, stated that the decision underscores Shell’s long-term commitment to Nigeria’s energy sector, particularly in Deepwater and Integrated Gas. He added that the project would not only strengthen Shell’s Integrated Gas portfolio but also support Nigeria’s ambition to enhance its role in the global LNG market.
This follows Shell’s December 2024 FID on the Bonga North project, where the company also increased its stake as part of its strategic expansion plan in the country.
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