The managing director of Shell Petroleum Development Company of Nigeria (SPDC), Osagie Okunbor, yesterday disclosed that the Company is taking into consideration plans to investing in a gas project in Nigeria’s southern Niger Delta energy hub.
Nigeria has the world’s ninth largest proven gas reserves, at 187 trillion cubic feet (tcf).
Okunbor said Shell was “on the verge of making a final investment decision” on a project in the city of Asa that would have a capacity of 300 million cubic feet.
He declined to specify the sum of money being considered as a possible investment.
Okunbor, however, told journalists that Shell was putting more emphasis on gas and reducing the oil portion of its footprint in Nigeria, although he added that the company was “still a significant player in onshore oil.”