Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on the Bonga North deep-water project off the coast of Nigeria.
This development aims to sustain oil and gas production at the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, in which Shell holds a 55% interest.
The Bonga North project involves drilling, completing, and starting up 16 wells—comprising eight production and eight water injection wells.
It also includes modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO.
The project boasts an estimated recoverable resource exceeding 300 million barrels of oil equivalent (boe) and is expected to achieve peak production of 110,000 barrels of oil per day (bopd). First oil is anticipated by the end of the decade.
This investment underscores Shell’s commitment to Nigeria’s energy sector and reflects confidence in the country’s deep-water oil and gas potential. The Bonga field, located in Oil Mining Lease (OML) 118, began production in 2005 and was Nigeria’s first deep-water development in depths exceeding 1,000 meters.
The Bonga North project is expected to contribute significantly to Nigeria’s oil production capacity, supporting the nation’s economy and energy infrastructure.
The development aligns with ongoing efforts to enhance deep-water exploration and production activities in the region.
Shell’s decision to proceed with Bonga North follows a series of strategic investments aimed at bolstering its offshore portfolio and sustaining long-term energy production in Nigeria. The project is poised to play a crucial role in meeting global energy demands while supporting local economic growth.
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