Shell to focus future investment in Nigeria on gas: Nigeria MD - CNBC Africa

Shell to focus future investment in Nigeria on gas: Nigeria MD

Western Africa

by Reuters 0

PHOTO: Wikipedia

The managing director of Shell's joint venture in Nigeria said on Wednesday that the oil major would focus its future investments in the country on natural gas for domestic consumption and export.

"Our strategy is to invest a lot more in gas, for domestic consumption and export. We want to grow our deep water and constrain our onshore oil production," Osagie Okunbor told reporters in Port Harcourt, the country's oil hub.

Shell has been divesting onshore oil-producing assets for the last few years and completed another set near the end of March.

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