FG Hails Shell’s $2bn Offshore Investment Decision, Says Move Reinforces Confidence in Nigeria’s Oil Sector
Story: written by Uzuh Rita October 15,2025
The Federal Government of Nigeria has applauded Shell Nigeria’s $2 billion Final Investment Decision (FID) for the development of a new offshore oil project in the HI Field, situated within Oil Mining Lease (OML) 144, about 50 kilometres off the coast.
The announcement was conveyed to the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, by Marno de Jong, the Country Chair of Shell Nigeria, signaling another milestone in the country’s renewed drive to expand its energy output and attract foreign investment.
According to a statement by Nneamaka Okafor, Special Adviser on Media and Communications to the Minister, the project underscores the growing investor confidence in Nigeria’s energy industry and aligns with the government’s strategic push for sustainable energy growth.
The investment decision, reached between the Shell Nigeria Exploration and Production Company (SNEPCo) and Sunlink Energies Resources Limited, represents a strong commitment to Nigeria’s oil and gas future.
Lokpobiri described the development as a direct result of recent policy reforms and transformative measures introduced by the Tinubu administration, which have continued to enhance investor confidence and attract major capital inflows.
“This $2 billion investment reaffirms Nigeria’s position as a prime destination for global energy investments and highlights the importance of strong government-industry collaboration,” the minister stated.
He further expressed optimism that more major investment decisions will be announced in the coming months, reflecting growing confidence in Nigeria’s oil and gas sector.
“The federal government remains committed to creating an enabling environment that drives energy growth and ensures that partnerships like this translate into national prosperity and sustainable development,” Lokpobiri added.
The new offshore project is expected to boost oil output, create jobs, and contribute significantly to Nigeria’s economic stability amid global energy transitions.
