Nigeria: Shell to Challenge U.S.$5 Billion Fine On Bonga Spill

19 July 2012

Shell Nigeria Exploration and Production Company (SNEPCo) has said it would challenge any attempt by the Federal Government to impose penalty on it for last December's oil spill at the deep offshore field, Bonga.

SNEPCo operates the 225,000 barrels per day deepwater field as a contractor for the Nigerian National Petroleum Corporation (NNPC), under a Production Sharing Contract (PSC) arrangement.

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