Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced its final investment decision (FID) for the Bonga North deepwater project off the coast of Nigeria.
Bonga North, a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, is expected to sustain oil and gas production at the facility. Shell operates the Bonga FPSO with a 55 per cent interest.
The project is estimated to hold more than 300 million barrels of oil equivalent (boe) in recoverable resources and is projected to reach a peak production of 110,000 barrels of oil per day. First oil from the project is anticipated before the end of the decade.
The Bonga North project involves drilling, completing, and starting up 16 wells (eight production and eight water injection wells), modifications to the existing Bonga Main FPSO and the installation…
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