{"id":22806,"date":"2026-01-23T14:38:53","date_gmt":"2026-01-23T12:38:53","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/nigeria-shell-tout-progress-on-potential-20-billion-bonga-south-west-oilfield\/"},"modified":"2026-02-27T16:33:43","modified_gmt":"2026-02-27T14:33:43","slug":"nigeria-shell-tout-progress-on-potential-20-billion-bonga-south-west-oilfield","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigeria-shell-tout-progress-on-potential-20-billion-bonga-south-west-oilfield\/","title":{"rendered":"Nigeria, Shell tout progress on potential $20 billion Bonga South West oilfield"},"content":{"rendered":"<div dir=\"ltr\">Nigerian President Bola Tinubu has approved &#8220;investment-linked&#8221; incentives for Shell&#8217;s Bonga South West deepwater oilfield following a meeting with the company&#8217;s Chief ExecutiveOfficer \u00a0Wael Sawan, who flagged a possible green light for the $20 billion project in 2027.<\/div>\n<div dir=\"ltr\">\nThe proposed incentives are the latest in a raft of regulatory reforms in Africa&#8217;s top crude oil producer as it looks to attract investment to boost oil and gas production.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#8220;These incentives are not blanket concessions,&#8221; Tinubu said in a statement late on Thursday.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>He said the incentives will be ring-fenced and focused on new capital, incremental production and strong local content delivery. His office did not give further details on what form they would take.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>&#8220;My expectation is clear: Bonga South West must reach a final investment decision within the first term of this administration,&#8221; Tinubu added.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">\u2014Reuters\u2014<\/div>\n","protected":false},"featured_media":20677,"template":"","meta":{"_acf_changed":false},"news-type":[78,44],"class_list":["post-22806","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-finance","entry"],"acf":{"short_description":"The proposed incentives are the latest in a raft of regulatory reforms.","published_date":null,"news_description":"The proposed incentives are the latest in a raft of regulatory reforms.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22806\/revisions"}],"predecessor-version":[{"id":25983,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22806\/revisions\/25983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20677"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=22806"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=22806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}