Nigeria: Tinubu Grants Shell Incentives to Revive Bonga South West and Its 150,000 b/d
The Nigerian president has approved targeted measures to unlock this offshore project worth over $5 billion, frozen for a decade. The goal is to secure a final investment decision before mid-2027.
| Companies | ExxonMobil, Shell, TotalEnergies |
|---|---|
| Sector | Pétrole |
| Theme | Investissements & Transactions |
Nigerian President Bola Tinubu approved incentives on January 22 for the Bonga South West offshore oil project, operated by Shell. During a meeting in Abuja with a delegation led by Wael Sawan, the British company’s chief executive, the head of state specified that these measures do not apply to the entire sector. They are conditional on new investments and an effective increase in production. The government aims to reach a final investment decision before mid-2027, corresponding to the end of the first presidential term.
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