NNPC, Shell, Esso and Agip signed addenda for Bonga South West Aparo, a deepwater project that could draw US$21bn and pump 175,000 barrels of oil a day.
NIGERIA · ENERGY
Key Facts
—The signature: NNPC and its OML 118 partners signed an addendum to their production sharing contract, plus an addendum to their dispute settlement agreement, on Monday 24 August in Abuja.
—The money: The project could attract US$15 billion to US$21 billion in investment over its life, according to NNPC.
—The output: Peak production is put at about 175,000 barrels of oil a day and 140 million standard cubic feet of gas a day.
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