Core Insights - Shell's subsidiary SNEPCo and partner Sunlink Energies have made the final investment decision on the HI gas project offshore Nigeria, aiming to deliver 350 million standard cubic feet per day of gas to Nigeria LNG [1][2] - The project is expected to enhance the production capacity of the Bonny Island terminal, aligning with Shell's strategy to increase global LNG production by 4-5% annually until 2030 [2][5] - The HI gas field, discovered in 1985, has estimated recoverable resources of 285 million barrels of oil equivalent and is located approximately 50km offshore at a water depth of 100m [3][4] Project Details - The HI gas project is a joint venture where SNEPCo holds a 40% stake and Sunlink Energies owns 60% [4] - The project includes the installation of a wellhead platform with four wells, a pipeline to transport gas to Bonny, and a gas processing facility at Bonny [4] - Processed gas will be delivered to Nigeria LNG, with condensate directed to the Bonny Oil and Gas Export Terminal [4] Strategic Commitment - Shell aims to bring upstream and integrated gas projects online between 2025 and 2030, targeting a total peak production of one million barrels of oil equivalent per day [5] - The company plans to increase top line production across its Upstream and Integrated Gas business by 1% annually until 2030 [5] - Shell's upstream president emphasized the commitment to Nigeria's energy sector and the focus on deep-water and integrated gas projects [3]