Shell is making a major strategic pivot in Nigeria, channeling over $7 billion into new offshore projects just months after its high-profile exit from onshore operations. The scheme, in partnership with Sunlink Energies and Resources, will deliver 350 million standard cubic feet of gas per day to Nigeria LNG (NLNG), supporting both domestic supply and Shell’s global LNG growth ambitions. The move follows Shell’s acquisition of TotalEnergies’ 12.5% stake in OML 118 in May and highlights the shift of international oil companies toward deep-water assets as onshore fields decline. This renewed offshore focus is being fueled by recent Nigerian fiscal reforms and executive orders that have improved investment climates and accelerated approvals. Analysts say this strengthens Nigeria’s energy export potential and local gas availability.
The African Report
