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Shell Nigeria Exploration and Manufacturing Firm Restricted (SNEPCo), a subsidiary of Shell plc, has reached ultimate funding resolution (FID) with Sunlink Energies and Sources Restricted on the HI fuel challenge offshore Nigeria. The event which represents a $2 billion funding in response to Nigerian authorities, will present feed fuel to Nigeria LNG’s (NLNG) Prepare 7 enlargement.
The HI discipline, found in 1985, lies in 100 m of water about 50 km off the Nigerian coast. At peak output, the challenge will provide 350 million commonplace cubic toes of fuel per day (about 60,000 boed) to NLNG, by which Shell holds a 25.6% curiosity. Recoverable assets are estimated at 285 MMboe. Manufacturing startup is predicted earlier than the tip of this decade, supporting Shell’s plan to extend world LNG manufacturing by 4–5% per yr by way of 2030.
The three way partnership between Sunlink Energies (60%) and SNEPCo (40%) features a wellhead platform with 4 manufacturing wells, a multiphase pipeline to shore at Bonny Island, and a fuel processing facility linked to the NLNG plant. Condensate might be exported through the Bonny Oil and Fuel Export Terminal. Shell stated the challenge aligns with its Capital Markets Day 2025 goal to carry new upstream and built-in fuel tasks onstream delivering over 1 MMboed by 2030.
“Following current funding choices associated to the Bonga deepwater growth, at present’s announcement demonstrates our continued dedication to Nigeria’s vitality sector, with a deal with Deepwater and Built-in Fuel,” stated Peter Costello, Shell’s Upstream President. “This challenge will assist develop our main Built-in Fuel portfolio whereas supporting Nigeria’s ambitions to turn out to be a extra important participant within the world LNG market.”
The HI challenge follows Shell’s ultimate funding resolution on the Bonga North growth in December 2024 and the corporate’s current enhance in its Bonga discipline stake. Each investments underscore Shell’s long-term place in Nigeria’s deepwater and fuel worth chains, the place LNG stays central to the corporate’s world vitality transition and low-carbon development technique.
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