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 $2 billion HI gas project located offshore Nigeria.
The landmark project, when completed, is expected to deliver 350 million standard cubic feet of gas per day, equivalent to about 60,000 barrels of oil per day, to the Nigeria LNG (NLNG), where Shell holds a 25.6% stake. Production from the field is slated to commence before the end of this decade.
Announcing the development, Peter Costello, Shell’s Upstream President, said the project underscores Shell’s continued commitment to Nigeria’s energy future, particularly in Deepwater and Integrated Gas operations.
“Following recent investment decisions related to the Bonga deep-water development, today’s announcement demonstrates our sustained partnership with Nigeria in developing its gas potential,” Costello said. “The HI project will strengthen Shell’s Integrated Gas portfolio while supporting Nigeria’s ambition to become a leading player in the global LNG market.”
The HI gas project will serve as a critical feedstock for the NLNG Train 7 expansion, designed to increase the Bonny Island terminal’s LNG production capacity. The move aligns with Shell’s strategy to expand its global LNG output by 4–5% annually until 2030, while also creating jobs in engineering, construction, and operations within Nigeria.
Discovered in 1985, the HI field lies in 100 metres of water, approximately 50 kilometres from shore, with estimated recoverable reserves of 285 million barrels of oil equivalent (mmboe).
The venture will be jointly developed under a partnership structure of Sunlink Energies (60%) and SNEPCo (40%), signaling renewed confidence in Nigeria’s oil and gas sector and marking the second major gas investment secured by the country within 18 months.
