Shell unveils $15bn five-year investment plan - The Nation Nigeria

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Shell unveils $15bn five-year investment plan

Speaking at the second edition of the Nigerian Oil and Gas Opportunity Fair organized by the Nigerian Content Development and Monitoring Board in Yenagoa, Bayelsa State, Shell’s Managing Director, Mr. Osagie Okunbor, said the company was keen at expanding local content in the oil and gas sector.

A cocktail of policies and the active support of Government and its agencies like NCDMB have made these investments possible. The industry continues to witness improve cycle times with NCDMB. He said on completion, the project is expected to generate circa 1200MW to power circa 1.2m homes by supplying gas into the domestic gas market.

He mentioned other projects as the construction of over 200 wells; 1000 km of flowlines and bulk lines; subsea umbilicals, risers and flowlines ; jackets, platforms, hull and manifolds.

 

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