Nigeria has recorded a major milestone in its energy sector as global oil giant Shell, in partnership with Sunlink Energies, approved a $2 billion offshore gas project in Oil Mining Lease (OML) 144. The HI gas field, located about 50 kilometers off the Nigerian coast, is expected to produce 350 million standard cubic feet of gas per day by 2028. The investment marks one of the largest in recent years and reinforces international confidence in Nigeria’s oil and gas sector.
The Presidency described the deal as a strong endorsement of President Bola Ahmed Tinubu’s energy reforms, which have restored investor trust through fiscal incentives, regulatory stability, and transparent governance. The project will also support the expansion of the Nigeria LNG Train 7 facility, boosting gas supply for both domestic use and export, while driving sustainable industrial growth.
Shell holds a 40 percent stake in the project, with Sunlink Energies owning the remaining 60 percent. The venture is expected to create jobs, enhance local content participation, and strengthen revenue for host communities. According to the Presidency, this investment demonstrates the success of the administration’s economic diversification and energy transition policies, which continue to attract major global partners to Nigeria’s oil and gas industry.
