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Shell bought a stake in Nigeria's Bonga oil field, boosting its ownership to 67.5% for $510M.
Shell has bought a 12.5% stake in Nigeria's Bonga oil field from TotalEnergies for $510 million, increasing its ownership to 67.5%.
The Bonga field, which began production in 2005, is part of the OML 118 lease and has over 300 million barrels of recoverable resources.
Shell aims to grow its production by 1% annually until 2030.
The deal, subject to regulatory approval, supports Nigeria's push for increased oil output.
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Shell compró una participación en el campo petrolero nigeriano de Bonga, aumentando su propiedad al 67,5% por 510 millones de dólares.