Shell Goes Big in Nigeria: Bonga Boost, Gas Expansion, and Renewable Push
Shell is making a major statement in Nigeria, announcing a three-pronged strategy to boost its presence in the country: extending the life of the iconic Bonga FPSO, expanding its gas portfolio, and investing heavily in renewable energy solutions.
Bonga Main Life Extension Project:
- 15-year extension: The Bonga Main Life Extension Project aims to unlock additional production from Nigeria’s first deep-water development, adding years to its productive life. This move comes on the heels of the field reaching its 1 billionth barrel milestone last year.
- Exploration continues: Shell is actively exploring opportunities in deep-water further, with projects like Bonga North, Bonga South-West, and Nnwa Doro in the pipeline.
Gearing Up for Gas:
- Industrial focus: Shell Nigeria Gas aims to deliver over 1,000MW equivalent of energy to industrial parks and manufacturers across Nigeria, expanding its gas distribution network significantly.
- Serving existing customers: Over 130 industrial and commercial customers already rely on Shell Nigeria Gas, and the company plans to expand its reach even further.
Shining a Light on Renewables:
- Off-grid focus: Recognizing the vast potential of off-grid solutions, Shell is investing in renewable energy through All On and Daystar Power Solutions.
- All On’s impact: This initiative has already facilitated over 80,000 off-grid connections across 36 states and the federal capital territory, empowering underserved communities and businesses with clean energy.
- Daystar’s ambition: Aiming to become a leading solar power provider in Africa, Daystar plans to increase its installed capacity to 400MW by 2025, catering to commercial and industrial needs.
A Reliable Partner, Looking Ahead:
- Elohor Aiboni, Managing Director of SNEPCo, reaffirmed Shell’s commitment: “Shell has been a reliable partner in Nigeria’s development for over 60 years. We are committed to maturing numerous projects and exploring opportunities in deep-water, gas, and renewables, while seeking innovative ways to reduce costs and drive efficiency.“
Additional Notes:
- This strategy aligns with Nigeria’s growing focus on gas development and renewable energy transition.
- Shell’s investments are expected to create jobs, boost the economy, and contribute to sustainable energy access in Nigeria.
- The specific financial details of these projects are still under wraps, but they are expected to be significant.
