News
Shell commences production from Bonga Phase 3 project
By ANDREW OJIEZEL
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) today, Monday October 5, 2015 announced the start-up of production from the Bonga Phase 3 project.
Andrew Brown, Shell’s Upstream International Director, said: “This new start up is another important milestone for Bonga, adding valuable new production to this major facility.”
Bonga Phase 3 is an expansion of the Bonga Main development, with peak production expected to be some 50,000 barrels of oil equivalent. This will be transported through existing pipelines to the Bonga floating production storage and offloading (FPSO) facility, which has the capacity to produce more than 200,000 barrels of oil and 150 million standard cubic feet of gas a day.
The Bonga field, which began producing oil and gas in 2005, was Nigeria’s first deep-water development in depths of more than 1,000 metres. Bonga has produced over 600 million barrels of oil to date.
The Bonga project is operated by SNEPCo as contractor under a production sharing contract with the Nigerian National Petroleum Company, which holds the lease for OML 118, in which the Bonga field is located. SNEPCo holds a 55 per cent contractor interest in OML 118. The others are Esso Exploration & Production Nigeria Ltd (20 per cent), Total E&P Nigeria Ltd (12.5 per cent) and Nigerian Agip Exploration Ltd (12.5 per cent).
-
Business1 week agoJetour Nigeria, dealers take dashing, other models to Abuja Experience
-
Business5 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business6 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business6 days agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business4 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Latest7 days agoHamzat meets Pastor Chris Oyakhilome, hails Christ Embassy’s community impact
-
Business4 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business6 days agoAugust inflation faces upward pressure despite disinflation trend – Analysts


