Shell UK announces investments to expand Bonga field’s output by 110,00 bpd
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell UK plc, on Monday announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria.
It was learnt that the project to harness over 300 million barrels of oil reserve will add an additional 110,000 barrels per day (bpd) to Nigeria’s daily oil output when completed.
The development is contained in a statement by Zoë Yujnovich, Shell UK’s Integrated Gas and Upstream
Director availed to the media on Monday.
According to the statement, Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55 per cent interest.
The energy firm said the Bonga North project involves drilling, completing, and starting up 16 wells (8 production and 8 water injection wells), modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO.
“The project will sustain oil and gas production at the Bonga facility. Bonga North currently has an
estimated recoverable resource volume of more than 300 million barrels of oil equivalent (boe) and
will reach a peak production of 110,000 barrels of oil a day, with first oil anticipated by the end of
the decade.
“This is another significant investment, which will help us to maintain stable liquids production from
our advantaged Upstream portfolio,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream
Director.
The firm also stated that Bonga North will help ensure Shell’s leading Integrated Gas and Upstream business continues to drive cash generation into the next decade.
