Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Shell to invest $3.9 billion in new Nigeria projects for oil, gas, pipelines

06.24.2013  | 

A joint venture led by Shell said it will invest $3.9 billion on new oil and gas projects in Nigeria that will maintain the country's domestic energy supplies and export capability, while reducing the problem of oil theft from pipelines that has caused serious environmental pollution.

Keywords:

BY JAMES HERRON

LONDON -- A joint venture led by Shell said it will invest $3.9 billion on new oil and gas projects in Nigeria that will maintain the country's domestic energy supplies and export capability, while reducing the problem of oil theft from pipelines that has caused serious environmental pollution.

Shell said the investment demonstrates its long term commitment to its presence in Nigeria, although it also plans a strategic review of its operations in the country that could result in the sale of some onshore oil fields.

A $1.5 billion investment in a new pipeline, called the Trans Niger Pipeline Loop-line (TNPL), should help reduce oil pollution in the Niger Delta because it will be designed to be better protected from attempts to steal the oil carried within, Shell said.

A $2.4 billion investment in five gas projects, collectively called Gbaran Ubie Phase Two, will provide natural gas to run power stations in Nigeria and to feed the Nigeria LNG export project, Shell said.

Shell will also conduct a strategic review of their interests in Nigeria, which could result in its exit from some onshore oil and gas leases in the eastern part of the Niger Delta, the company said.

Shell was commenting on behalf of the Shell Petroleum Development Company, which is its joint venture with Nigeria National Petroleum Corporation, and the local units of Total and Italy's Eni.

Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

ernest chima anyanwu
11.22.2013

Dear sir/madam,
Having read this report,as a citizen i think this is a step in the right direction such will enhance growth of our energy econmy and creat job for the nation.I would like to know when this project will commence,having worked in the LNG project in Bonny island during construction,commissioning,and production stages,i will like to work when the project commence.
Kindly advise me.

Thanks
Ernest C.A

Related articles

FEATURED EVENT


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


63%

37%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.