Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of the global oil and gas group Shell, has taken a final investment decision (FID) on the Bonga North oil and gas deep-water project off the coast of Nigeria. The Bonga North project involves drilling, completing, and starting up 16 wells (8 production and 8 water injection wells), modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO. The project will sustain oil and gas production at the Bonga facility. Bonga North currently has an estimated recoverable resource volume of more than 300 mboe and will reach a peak production of 110 kb/d, with first oil anticipated by 2030.
SNEPCo (55%) operates the Bonga field in partnership with Esso Exploration and Production Nigeria Ltd. (20%), Nigerian Agip Exploration Ltd. (12.5%), and TotalEnergies Exploration and Production Nigeria Ltd. (12.5%), on behalf of the Nigerian National Petroleum Company Limited (NNPC).