Shell Acquires Bonga Field Stake Offshore Nigeria From TotalEnergies

Shell plc (SHEL) , the British oil and gas giant, has entered into an agreement with TotalEnergies SE (TTE) , the French energy major, for the purchase of the latter’s non-operating interest in the Bonga field in Nigeria. The Bonga field is located within the OLM118 production sharing contract (PSC) offshore Nigeria, around 120 kilometers to the south of the Niger Delta.OLM118 Production Sharing ContractShell Nigeria Exploration and Production Company (“SNEPCo”), a subsidiary of the British energy giant, ha ...