Shell Nigeria’s production unit Tuesday said it hoped to conclude negotiations soon on a commercial framework for the expansion of the Bonga deepwater oil field, after which a final investment decision will be taken to start the project, billed to add around 1 billion barrels to Nigeria’s oil reserves. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Shell previously said it expects to take the FID on the Bonga Southwest/Aparo field development project in 2018, but this seemed increasingly unlikely after legal disputes between Shell and the Nigerian National Petroleum Corp. “A timeframe for the FID will be announced after the conclusion of commercial discussions with [the Nigerian] government,” Managing Director of Shell Nigeria Exploration and Production Co. Bayo Ojulari said in a company statement. “The discussions are ongoing and may be concluded soon,” Ojulari said. NNPC chief executive Maikanti Baru had […]