SPDC Plans $15 Billion Investment

Monday, April 8, 2019

Royal Dutch Shell’s Nigerian subsidiary, Shell Petroleum Development Co. (SPDC), plans to invest about $15 billion in oil and gas projects in the West African country over the next five years, ThisDay reported, citing the managing director of the unit, Nosa Okunbor.

The projects earmarked for investment will include deep offshore, shallow water, swamp and land terrain, the newspaper reported.,

In addition, SPDC has also taken the final investment decision on the 300 Mmcf/d Assa North Ohaji gas project, which is expected to generate 1,200 MW of power, said Okunbor.

« GO BACK

You may also like

" alt="TAG Oil Completes Fraccing Program at Egypt’s T100 Well in Western Desert">

TAG Oil Completes Fraccing Program at Egypt’s T100 Well in Western Desert

" alt="Sintana to Expand Asset Base in Namibia with Acquisition">

Sintana to Expand Asset Base in Namibia with Acquisition

" alt="Luanda Gives Afentra Nod for Azule Acquisition">

Luanda Gives Afentra Nod for Azule Acquisition

" alt="TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets">

TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets

" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">

Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential

" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">

African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage

" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">

Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine

" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">

Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt