Shell's Bonga, EA development, deepwater renew interest off Nigeria

摘要

Heavy bidding by oil and gas producers is underway on Nigeria's current deepwater licensing round. Some of the important factors rekindling interest by small and large offshore operators include the following: 1. Recently enacted production sharing contract (PSC) terms; 2. Decision by Shell and partners to pursue Nigeria's first deepwater development, Bonga; 3. Recent deepwater exploration success, led by Texaco's Agbami discovery.