Investment, partnerships, innovation take center stage at NOG energy week

As Nigeria charts its course toward a sustainable energy future, the 2024 NOG Energy Week played a vital role in shaping discussions across government and private sectors by showcasing the available opportunities and driving investment to meet growing energy demand. With the 2025 theme, “Accelerating Energy Progress Through Investment, Global Partnerships & Innovation,” industry leaders […]

As Nigeria charts its course toward a sustainable energy future, the 2024 NOG Energy Week played a vital role in shaping discussions across government and private sectors by showcasing the available opportunities and driving investment to meet growing energy demand.

With the 2025 theme, “Accelerating Energy Progress Through Investment, Global Partnerships & Innovation,” industry leaders are committed to advancing practical solutions that will unlock Nigeria’s vast energy potential.

Investment remains central to Nigeria’s strategy for achieving energy security and economic growth. Throughout the event, experts called for a more competitive investment climate that attracts both local and international capital. They stressed the importance of government reforms to simplify funding processes, introduce fiscal incentives, and create policies that encourage participation in critical energy projects.

Signs of renewed investor confidence are already emerging. Shell’s Final Investment Decision (FID) on the Bonga North deep-water project and TotalEnergies’ commitment to offshore gas developments signal growing momentum. With Nigeria aiming to secure $30 billion in deep offshore investments by 2029, maintaining regulatory stability and addressing infrastructure gaps will be key to sustaining progress.

“I am pleased to highlight the impressive strides we have made toward fulfilling that promise. Following the board’s decision last year, Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a Final Investment Decision (FID) on the Bonga North project,” said Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri.

“This deep-water development, located off the coast of Nigeria, will generate additional 110,000 bpd to our production capacity. Bonga North will serve as a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, where Shell holds a 55% interest,” he added.