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ARTICLE · 04 FEBRUARY 2026

Energy And Infrastructure Sector News Update – January 2026

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Shell Plc plans to invest up to $20 billion in the Bonga South West deepwater project following a meeting between Shell's Chief Executive Officer...

GlobalEnergy and Natural Resources
Oladotun Alokolaro
Oladotun Alokolaro
Hassan Sherif
Hassan Sherif
Victoria Obi
Victoria Obi
Onyeka Chika
Onyeka Chika

OIL AND GAS SECTOR

Shell Commits $20bn to Bonga South West Deepwater Project

Shell Plc plans to invest up to $20 billion in the Bonga South West deepwater project following a meeting between Shell's Chief Executive Officer, Wael Sawan and the President of the Federal Republic of Nigeria, Bola Tinubu. The project, estimated to hold 820 million barrels of reserves with peak production of 220,000 bpd, includes approximately $10 billion in capital expenditure. President Tinubu approved targeted investment linked incentives and set expectations for a Final Investment Decision. The commitment signals renewed international confidence in Nigeria's deepwater assets and is expected to generate jobs, FX inflows, fabrication activity, and long term government revenues.

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