SHELL NIGERIA EXPLORATION AND PRODUCTION COMPANY LIMITED (SNEPCo), a subsidiary of Shell Plc, has confirmed its final investment decision (FID) on the Bonga North deep-water project located off Nigeria’s coast.
Bonga North project will be connected to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility. The Bonga North project involves the drilling, completion, and startup of 16 wells (8 production and 8 water injection wells), upgrades to the existing Bonga Main FPSO, and the installation of new subsea infrastructure tied back to the FPSO.
The Bonga North project will help maintain oil and gas production at the Bonga facility and is expected to have over 300 million barrels of oil equivalent (boe) in recoverable resources, with peak production reaching 110,000 barrels of oil per day and first oil anticipated by the end of the decade.
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Bonga Oil Field is a deep-water development located in OML 118, at water depths exceeding 1,000 meters. Production at the Bonga FPSO began in 2005, with a capacity to produce 225,000 barrels of oil per day. The project produced its one-billionth barrel of crude oil in 2023.
SNEPCo (55%) operates the Bonga field in partnership with Esso Exploration and Production Nigeria Ltd. (20%), Nigerian Agip Exploration Ltd. (12.5%), and TotalEnergies Exploration and Production Nigeria Ltd. (12.5%), on behalf of NNPC Limited.
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