Shell Petroleum Development Company of Nigeria Ltd., a subsidiary of oil and gas major Royal Dutch Shell, is investing circa $15 billion in the next five years across 24 oil and gas projects in Nigeria.
With the move, Shell Petroleum expects to surpass a 70 percent target in the deployment of wholly Nigerian human and material resources to achieve its production benchmark in the next five years.
The ongoing project, the Assa North, Ohaji project in Imo State, is capable of generating 1,200 megawatts and powering over 1.2 million Nigerian homes by supplying gas into the domestic gas market.
When completed, the project will generate thousands of jobs in the country.