Shell to buy TotalEnergies’ stake in Nigeria’s Bonga offshore field for $510 million British oil giant, Shell Plc, has agreed to purchase TotalEnergies’ 12.5% stake in Nigeria’s Bonga oilfield for $510 million, a strategic move that increases its interest in the country’s deep-water sector. This was announced in a news release from Shell today seen by Energy in Africa. The acquisition will increase Shell’s ownership in the field to 67.5% from 55%, reinforcing its stake in the OML 118 Production Sharing Contract (OML 118 PSC), an oil mining lease offshore Nigeria that includes the Bonga field. The agreement comes as Shell seeks to grow its combined integrated gas and upstream total production by 1% annually through 2030. . . . #enrrgyinafrica #shell #totalenergies #bonga #offshore #nigeria #energy #africa