Advertisment Shell will Decide on Nigeria Oil Field In 2019 | Iran Energy News Skip to main content
IRAN Energy News Agency
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel

Shell will Decide on Nigeria Oil Field In 2019

Shell operates the project and ExxonMobil, Total, Eni and the Nigerian National Petroleum Co. are partners.

Royal Dutch Shell and its partners will decide next year on whether to go ahead with the development of Nigeria’s Bonga Southwest offshore oil field, a senior company official said July 31.

The project, one of the country’s largest with an expected production of 180,000 barrels per day, will generate profit at below $50 per barrel, Bayo Ojuli, managing director of Shell Nigeria Exploration and Production Co., told reporters.

Shell is currently negotiating a production sharing contract with the Nigerian government which will determine the viability of the project, he said. The negotiations are expected to finish this year.

Shell operates the project and ExxonMobil, Total, Eni and the Nigerian National Petroleum Co. are partners.

Join us on Telegram Channel."Energy Today"
Google +
Twitter
Facebook
Google Translate
Instagram
Digg
Telegram
Blogger
Linkedin
Pinterest

Add new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Fill in the blank.
49