Shell: final decision on investment in Bonga North

(CercleFinance.com) - Shell has announced that its subsidiary Shell Nigeria Exploration and Production Company Limited (SNEPCo), has announced a Final Investment Decision (FID) for the Bonga North project, a deepwater project off the coast of Nigeria.


The project will be connected by a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) platform.

Bonga North involves the drilling and commissioning of 16 wells (8 production and 8 water injection), modifications to the main Bonga FPSO and the installation of new subsea equipment.

The project aims to maintain oil and gas production at the Bonga site, with recoverable resources estimated at over 300 million barrels of oil equivalent and peak production of 110,000 barrels per day.

The first oil is scheduled for the end of the decade.


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