Nigeria Offers Shell $11.50 Tax Credit to Unlock $20 Billion Deepwater Project

Africa · Western Key Facts —The incentive. Nigeria gazetted an $11.50-per-barrel production-linked tax credit for Shell and its partners on early 2026. —The project. Bonga Southwest–Aparo holds roughly 820 million barrels of reserves and could produce 150,000 barrels per day at peak. —The investment. Shell CEO Wael Sawan confirmed the project could attract around $20…