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flag Shell bought a stake in Nigeria's Bonga oil field, boosting its ownership to 67.5% for $510M.

flag Shell has bought a 12.5% stake in Nigeria's Bonga oil field from TotalEnergies for $510 million, increasing its ownership to 67.5%. flag The Bonga field, which began production in 2005, is part of the OML 118 lease and has over 300 million barrels of recoverable resources. flag Shell aims to grow its production by 1% annually until 2030. flag The deal, subject to regulatory approval, supports Nigeria's push for increased oil output.

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