Shell Nigeria’s Managing Director of the Local Unit announced late June 2017 that the company is considering whether to invest in a gas project in Nigeria’s southern Niger Delta energy hub, Reuters stated.
Managing Director of Shell Petroleum Development Company of Nigeria (SPDC), Osagie Okunbor, said it was “on the verge of making a final investment decision” on a project in the city of Asa that would have a capacity of 300mcf, Engineering News informed.
He declined to specify the sum of money being considered as a possible investment.
Okunbor told journalists that Shell was putting more emphasis on gas and reducing the oil portion of its footprint in Nigeria, although he added that the company was “still a significant player in onshore (oil)”
Nigeria has the world’s ninth largest proven gas reserves with a capacity of 187tcf.
Earlier this month, Royal Dutch Shell has lifted force majeure on exports of Nigeria’s Forcados crude oil. After several months of repairs, Shell Petroleum Development Company had earlier restarted the Trans-Forcados crude export pipeline with the completion of the loading of the first tanker, Astro Perseus, at the Forcados terminal.