Shell Invests in Nigeria’s Bonga North Deep-Water Project
Advances Offshore Production with 300 Million Barrels of Recoverable Resources
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has approved a final investment decision for the Bonga North deep-water project off the Nigerian coast.
The project involves drilling 16 wells, including 8 production and 8 water injection wells, and will be tied back to Shell’s existing Bonga Floating Production Storage and Offloading (FPSO) facility.
With an estimated recoverable resource of 300 million barrels of oil equivalent, the project is expected to peak at 110,000 barrels of oil per day, with first oil anticipated by the end of the decade.
Shell operates the Bonga FPSO with a 55% interest and views the project as critical to maintaining stable production in its upstream portfolio.
Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director, said the investment will help sustain liquids production and drive cash generation in the coming years.
The development includes modifications to the existing FPSO and installation of new subsea hardware to support the additional production capacity.
The project demonstrates continued investment in Nigeria’s offshore oil sector and Shell’s commitment to expanding its production capabilities in the region.
