Shell in Talks With Nigeria for a Potential $20B Offshore Investment

Key Takeaways Shell is evaluating Bonga South West offshore Nigeria, targeting a 2027 FID that could involve up to $20B.Shell outlines a nearly $20 billion investment, split roughly 50/50 between capex and other costs.Bonga South West holds nearly 820M barrels, with a peak capacity of up to 220,000 bpd.Shell plc (SHEL) , the British oil and gas major, has shown interest in developing the Bonga South West deepwater oilfield located in the Niger Delta. SHEL and its joint venture partners are currently evaluat ...