Shell and NNPC Sign Terms for US$21 Billion Bonga Project

NNPC and its partners signed an addendum to the OML 118 production sharing contract, moving the Bonga South West Aparo deepwater project towards a final decision.

[Daily Trust] The Nigerian National Petroleum Company Limited (NNPC Ltd), and the OML 118 Contractor Parties, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Esso Exploration and Production Nigeria (Deepwater) Limited, and Nigerian Agip Exploration Limited (NAE), have executed the Addendum to the OML

NNPC and partners sign agreements to advance the $21bn Bonga offshore project, boosting Nigeria’s deepwater investment. Learn about this major development.

—Target $21bn investment By Obas Esiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners in Oil Mining Lease (OML) 118 have executed agreements for the development of the Bonga South-West Aparo (BSWAp) deepwater project, paving the way for the project to progress towards Final Invest