Shell Boost Stake in Nigerian Deepwater as TotalEnergies Exits Bonga Oilfield

Shell Boost Stake in Nigerian Deepwater as TotalEnergies Exits Bonga Oilfield

Shell will aquire TotalEnergies’ 12.5% non-operated stake in the deepwater oilfield Bonga offshore Nigeria, where the UK-based fully supermajor plans to scheme yet every other significant mission. Shell’s subsidiary working the Bonga oilfield, Shell Nigeria Exploration and Production Firm (SNEPCo), has signed an agreement to fetch the French supermajor’s 12.5% stake in the OML 118 Production Sharing Contract…
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