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By Solape Renner sure 07/04/2019
Osagie Okunbor, Managing Director of Shell Petroleum. Photo: Shell.
LAGOS (Bloomberg) – Nigeria is going to get a $ 15 billion major investment from Shell Petroleum Development Company, according to Lagos newspaper ThisDay, citing chief executive officer of the unit, Nosa Okunbor.
The company operates as part of a joint venture between the Nigerian National Petroleum Corporation, Royal Dutch Shell Plc and Total Exploration and Production Nigeria Ltd. and the Nigerian Agip Oil Company Ltd., according to its website. Shell holds a 30% interest in the company.
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Projects for investment will include deepwater, shallow water, swamps and land, the paper said.
Shell has also made the final decision to invest in the Assa North Ohaji gas project of 300 million standard cubic feet / day, which is expected to generate 1,200 megawatts, Okunbor said.
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