Nigeria has officially approved targeted fiscal incentives to unlock the Final Investment Decision (FID) for the $20 billion Bonga Southwest Aparo (BSWA) deepwater project. Operated by Shell in partnership with NNPC Limited, this marks the country's first deepwater FID since 2008, breaking an 18-year deadlock.
Once completed, the massive offshore development is expected to deliver 150,000 barrels of crude oil and 140 million standard cubic feet of gas per day. With presidential approval secured, the project will now rapidly progress toward FID, triggering multi-billion-dollar capital commitments and opening immense opportunities for the global offshore supply chain.
Track more details about the Bonga Southwest Aparo project on EICDataStream.