Shell eyes $4bn onshore Nigeria push

Nigeria ambition: Shell CEO Peter Voser outlines plans for more investment in West Africa

Shell could be throwing $4 billion behind onshore oil & gas projects in Nigeria in the next few years, chief executive Peter Voser said.

The Anglo-Dutch supermajor has, however, highlighted the security concerns associated with operating in the West African energy powerhouse with an estimated total of 150,000 barrels of oil and condensate a day stolen in the area.

In a briefing to investors on Wednesday, published on Shell’s website, Voser also said “there are no easy answers” to the security issue in Nigeria as production shut-ins actually abet oil thieves.

Voser said Shell is assessing onshore projects in the country to add new production and reduce flaring. These could cost a combined $4 billion on a 100% basis and would be completed by…

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