Continental Focus, International Reach

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.