Shell Delays FID on Nigerian Bonga SW Development

Wednesday, February 10, 2016

Reports have Shell in Nigeria postponing the FID for the Bonga South-West development offshore Nigeria. The delay in taking the FID is due to the bottoming out of oil prices.

The Bonga South-West is not the only international project that is being shelved for the time being, or exited. The company exited the Bab sour gas project in Abu Dhabi and is postponing the FID for an LNG project in Canada.

One expenditure that is not being shelved is the $49 billion takeover of the BG Group. At the end of January the two firms received shareholder approval to push the deal through.

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