President Bola Ahmed Tinubu has welcomed Shell and its partners’ announcement on Monday of the Final Investment Decision (FID) on the Bonga North Deep Offshore Field. This landmark development, Nigeria’s first deepwater oil project in over a decade, underscores the transformative impact of the President’s policies and reforms in attracting investments in the oil and gas sector. The Bonga North oilfield, located 130 kilometres offshore in Oil Mining Lease (OML) 118, represents an impressive estimated $5 billion investment and is expected to yield approximately 350 million barrels of crude oil.…
Read More‘Milestone,’ Tinubu Reacts As Shell, Partners Announce $5Bn Deepwater Investment In Nigeria
