Shell Nigeria is going on with the implementation of the Bonga West/Aparo project and hopes to get the 2015/16 final investment decision under the right conditions
THE Shell Nigeria Exploration and Production Company Limited, SNEPCO, is committed to the implementation of the SNEPCO-operated Bonga South West/Aparo, BSWA, project. SNEPCO has also denied that it stopped the development due to the slump in oil price. “We can confirm that we are currently progressing the tender for the Engineering, Procurement and Construction, EPC, contracts to support the project,” Tony Attah, managing director, SNEPCO, said in a press release which was signed by Precious Okolobo, corporate media relations manager and made available to the Realnews February 11.
According to him, although, the process has encountered some delays, SNEPCO is “optimistic for a final investment decision in the 2015/16 timeframe under the right conditions.”
The BSWA project includes the construction of a new floating production, storage and offloading, FPSO, facility with an expected peak production of 225 thousand barrels of oil per day. The BSWA field straddles Oil Mining Leases, OML, 118, OML132 and OML140.
SNEPCO is the unit operator of the BSWA Unitisation project pursuant to a pre-unit agreement between the Nigerian National Petroleum Corporation, Esso Exploration and Production Nigeria (Deepwater) Ltd., Total E&P Nigeria Ltd., Nigerian Agip Exploration Ltd., Texaco Nigeria Outer Shelf Ltd., Star Ultra Deep Petroleum Ltd., Sasol Exploration and Production Nigeria Ltd. and Oil and Gas Nigeria Ltd.
The Bonga project itself, which began producing oil and gas in 2005, is Nigeria’s first deep-water development in water depths of more than 1,000 metres. In 2014, SNEPCo also started oil production at the Bonga North West deep-water development, with the oil transported by a new undersea pipeline to the existing Bonga FPSO and export facility.
In November 2014, SNEPCO announced plans to drill eight more wells in the Bonga field in the third phase of the Bonga main development. Bonga has produced more than 500 million barrels of oil to date.
— Feb. 23, 2015 @ 01:00 GMT