Shell approves HI offshore project, advancing Nigeria’s gas push
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, in partnership with Sunlink Energies and Resources Limited, has reached a final investment decision (FID) on the HI gas project offshore Nigeria.
The announcement comes following Shell’s final investment decision on the Bonga North project in December 2024 and its recently increased its stake in the Bonga field.
Once operational, the HI project is expected to deliver up to 350 million standard cubic feet of gas per day—equivalent to around 60,000 barrels of oil equivalent per day—to Nigeria LNG (NLNG), in which Shell holds a 25.6% interest.
The gas will be used for the production and export of liquefied natural gas (LNG) to global markets, with the first production targeted before the end of the decade.
“Following recent investment decisions on the Bonga deep-water development, today’s announcement reinforces our long-term commitment to Nigeria’s energy sector, particularly in Deepwater and Integrated Gas,” said Peter Costello, Shell’s Upstream President.
“The HI project supports Shell’s ambition to expand its leading Integrated Gas portfolio, while helping advance Nigeria’s aspiration to strengthen its position in the global LNG market,” he added.
The additional gas supply will feed into NLNG’s Train 7 expansion project, which aims to increase production capacity at the Bonny Island terminal. The development, according to the statement, contributes to Shell’s Capital Market Day 2025 commitment to deliver upstream and integrated gas projects coming on stream between 2025 to 2030 with a total peak production of more than 1 million barrels of oil equivalent per day (boe/d). This also supports Shell’s intent to grow top line production across our combined Upstream and Integrated Gas business by 1% per year to 2030.
Discovered in 1985, the HI field lies in approximately 100 metres of water, about 50 kilometres off the coast, with estimated recoverable resources of around 285 million barrels of oil equivalent (mmboe).
