Port Harcourt — The Royal Dutch Shell operating in Nigeria has announced that it has an investment portfolio of over $15 billion spread across 24 projects, over the next five years in the country.
The timeline for this project, according to the company is between 2018 and 2023.
Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, made the announcement during his presentation on Upstream Opportunities at the Nigerian Oil and Gas Opportunity Fair, NOGOF, organised by the Nigerian Content Development and Monitoring Board, NCDMB, in Yenagoa, the Bayelsa State capital.
Okunbor, who is also the Managing Director of Shell Petroleum Development Company of Nigeria, SPDC, disclosed that funds will be deployed to ensure gas supply for trains one-to-six of the Nigerian Liquified Natural Gas, NLNG and train-7 when it comes on stream.
The SPDC boss listed the company’s 24 projects, which he gave a timeline of 2018 to 2023 to include, Bonga SW, Soku compression 2, Okpokunou cluster, Assa North project, Afam gas supply 2, Forcados project, Brass fertilizer plant, amongst other.
The Nigerian content opportunities in the above projects, according to Shell MD include, “Drilling services, well completion services, cement services, fabrication and construction services, pipe laying services, inspection, and testing services.”
Others are, “Detailed engineering, seismic data acquisition, seismic data processing services, geological and geophysical studies, logistics, dredging, barges, project management services, FEED, engineering studies, transportation services, and logistics project management services, etc.”