{
  "id": 3060476,
  "title": "Breaking: NNPC, Shell, Esso, Agip Sign PSC, DSA Addenda on $21bn Bonga South-West Aparo Project",
  "url": "https://urgent.news/2026/08/24/breaking-nnpc-shell-esso-agip-sign-psc-dsa-addenda-on-21bn-bonga",
  "topic": "world",
  "section": "World",
  "published": "2026-08-24T16:22:21.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/08/24/breaking-nnpc-shell-esso-agip-sign-psc-dsa-addenda-on-21bn-bonga-south-west-aparo-project/"
  },
  "original_language": "en",
  "account": "The NNPC, Shell, Esso, and Agip have signed addenda to the Oil Mining Lease (OML 118) Production Sharing Contract (PSC) and Dispute Settlement Agreement (DSA) for the Bonga Southwest/Aparo project. This development brings the deepwater project closer to Final Investment Decision (FID), which could attract $15 billion to $21 billion in investment over its life. The project is expected to produce around 175 kbopd of oil and 140 mmscfd of gas at peak levels. The execution of these addenda aligns with President Bola Ahmed Tinubu's reforms aimed at enhancing Nigeria's deepwater sector's competitiveness and attractiveness for large-scale investments.",
  "summary": "*Asset inches towards FID, to become Nigeria’s largest deepwater devt *To unlock 175000bpd of oil, 140mmscfd of gas Peter Uzoho The Nigerian National Petroleum Company Limited (NNPCL) and its Contractor",
  "key_points": [
    "NNPC, Shell, Esso, and Agip sign addenda to OML 118 PSC and DSA",
    "Bonga Southwest/Aparo project nears Final Investment Decision",
    "Project could attract $15-$21 billion in investment over life"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}