Nigeria is leveraging a multi-billion dollar deepwater oil project to attract global Original Equipment Manufacturers (OEMs), in a move to strongly position itself as a major hub for oil and gas manufacturing and services.
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Ogbe, stated this yesterday during his presentation at the NCDMB/Petroleum Technology Association of Nigeria (PETAN) OEM Networking Forum held on the sidelines of the Offshore Technology Conference (OTC) 2026 in Houston, Texas.
Ogbe, who was represented by the General Manager, Monitoring and Evaluation, Silas Ajimijaye, said recent Final Investment Decisions (FIDs), including the $20 billion Shell Bonga Southwest Aparo deepwater project are driving a new wave of opportunities for OEMs seeking entry into Nigeria’s oil and gas value chain.
He noted that the country has secured three major FIDs within 18 months, alongside the approval of 28 field development plans valued at $18 billion, collectively unlocking about 600,000 barrels per day of additional production capacity.
According to him, the scale of these investments signals renewed confidence by global energy players, including Shell, which committed $5 billion to the Bonga North project.
