The reported production-linked incentive could be extended to other major oil companies as Nigeria seeks to raise output from offshore developments.
Nigeria has reportedly granted Shell a production-linked tax credit tied to its $20 billion deepwater oil project, a move aimed at encouraging investment and increasing crude output. The incentive is also reportedly set to be expanded to other major oil companies, signaling a broader policy push to revive production through offshore developments, where project economics are highly sensitive to taxes and long lead times.