Shell Invests in Bonga North, Extends Nigeria’s Oil Production
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced a major investment in the Bonga North deep-water project, located off the coast of Nigeria. This decision marks a significant step towards sustaining oil and gas production in the region.
Key Points:
Subsea Tie-back: Bonga North will be tied back to the existing Bonga Floating Production Storage and Offloading (FPSO) facility, which Shell operates with a 55% interest.
Production Boost: The project involves drilling 16 new wells and modifying the FPSO to increase production capacity.
Resource Potential: Bonga North holds an estimated 300 million barrels of oil equivalent, with a peak production rate of 110,000 barrels of oil per day.
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First Oil Expected: First oil from Bonga North is anticipated by the end of the decade.
Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director, emphasized the importance of this investment in maintaining stable oil production from Shell’s portfolio.
About the Bonga Field:
Located in OML 118, Bonga is a deep-water development with water depths exceeding 1,000 meters.
Production began in 2005, and the field has already produced over one billion barrels of crude oil.
SNEPCo operates the Bonga field in partnership with Esso Exploration and Production Nigeria Ltd., Nigerian Agip Exploration Ltd., and TotalEnergies Exploration and Production Nigeria Ltd., on behalf of the Nigerian National Petroleum Company Limited (NNPC).
This investment demonstrates Shell’s commitment to Nigeria’s energy sector and its ongoing efforts to maximize value from its existing assets.
