14.10.2025
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has reached final investment decision (FID) with Sunlink Energies and Resources Limited on the HI gas project offshore Nigeria.
The development which represents a $2 billion investment according to Nigerian government, will provide feed gas to Nigeria LNG’s (NLNG) Train 7 expansion.
The HI field, discovered in 1985, lies in 100 m of water about 50 km off the Nigerian coast. At peak output, the project will supply 350 million standard cubic feet of gas per day (about 60,000 boed) to NLNG, in which Shell holds a 25.6% interest. Recoverable resources are estimated at 285 MMboe. Production startup is expected before the end of this decade, supporting Shell’s plan to increase global LNG production by 4–5% per year through 2030.
“Following recent investment decisions related to the Bonga deepwater development, today’s announcement demonstrates our continued commitment to Nigeria’s energy sector, with a focus on Deepwater and Integrated Gas,” said Peter Costello, Shell’s Upstream President. “This project will help grow our leading Integrated Gas portfolio while supporting Nigeria’s ambitions to become a more significant player in the global LNG market.”
Reacting to the development the government of President Bola Tinubu said in a statement signed by presidential adviser on information and strategy Bayo Onanuga: “This major FID announcement by Shell, their second in one year, is a clear validation of our wide-ranging reform efforts and a signal to the world that Nigeria is fully open for business and investment.”
Offshore drilling rig...