Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, and its joint venture partner, Sunlink Energies and Resources Limited, have signed a Final Investment Decision (FID) on the HI Gas Project offshore Nigeria.
In a statement issued on Tuesday, Shell confirmed that the project, upon completion, will supply 350 million standard cubic feet of gas per day — about 60,000 barrels of oil equivalent — to the Nigeria LNG (NLNG), where Shell holds a 25.6 percent stake.
Production from the HI Gas Project is scheduled to commence before the end of this decade.
Shell’s Upstream President, Mr Peter Costello, described the project as a clear demonstration of the company’s sustained confidence in Nigeria’s energy sector.
“Following recent investment decisions related to the Bonga deep-water development, today’s announcement demonstrates our continued commitment to Nigeria’s energy sector, with a focus on Deepwater and Integrated Gas,” he said.
He added that the HI project aligns with Shell’s plan to expand its global LNG volumes by 4–5 percent annually until 2030, while also contributing to Nigeria’s economic growth through job creation and local industry participation.
According to Shell, the project’s feedstock will support the NLNG Train 7 project, which aims to expand the Bonny Island terminal’s production capacity. The HI field — discovered in 1985 — lies in 100 metres of water, approximately 50 kilometres off the Nigerian coast, and has an estimated recoverable resource volume of about 285 million barrels of oil equivalent.
The joint venture comprises Sunlink Energies and Resources Limited (60%) and SNEPCo (40%). The project scope includes a wellhead platform with four wells, a multiphase gas pipeline to Bonny, a gas processing plant, and condensate export facilities to the Bonny Oil and Gas Export Terminal.
Shell stated that the HI Gas Project supports its global strategy to deliver major upstream and integrated gas projects capable of achieving a peak production of over one million barrels of oil equivalent per day between 2025 and 2030.
The company noted that LNG remains crucial to the global energy transition, as it emits less greenhouse gases than coal or diesel when used for electricity generation or transport fuel.
This development follows Shell’s December 2024 FID on the Bonga North Deepwater Project and its increased investment stake in the Bonga field — reinforcing its long-term commitment to Nigeria’s offshore gas and deep-water sector.