Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has confirmed a final investment decision (FID) for the Bonga North project, a major deep-water development off the coast of Nigeria.
The Bonga North initiative will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, in which Shell holds a 55% operating interest.
The project encompasses the drilling, completion, and commissioning of 16 wells—comprising eight production wells and eight water injection wells. It also includes modifications to the existing Bonga Main FPSO and the deployment of new subsea infrastructure to integrate with the facility.
Bonga North is poised to significantly bolster oil and gas output at the Bonga facility, with an estimated recoverable resource of over 300 million barrels of oil equivalent (boe). At peak, the development is expected to produce 110,000 barrels of oil per day, with first oil projected by the end of the decade.
“This is another significant investment, which will help us maintain stable liquids production from our advantaged upstream portfolio,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director.
The Bonga North project reinforces Shell’s position as a leader in Integrated Gas and Upstream operations, ensuring sustained cash flow generation well into the next decade.
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