BREAKING NEWS, Oil & Gas
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SHELL Nigeria Exploration and Production Company Limited, SNEPCo, has announced the start-up of production from the Bonga Phase 3 project. Andrew Brown, director of Shell’s Upstream International, 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 about 50,000 barrels of oil equivalent. According to a statement issued by Precious Okolobo, ccorporate media relations manager, 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 statement said that 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. It is reputed to have produced more than 600 million barrels of oil to date.
The Bonga project is operated by the SNEPCo as contractor under a production sharing contract with the Nigerian National Petroleum Company, NNPC, which holds the lease for OML 118, in which the Bonga field is located.
The SNEPCo holds a 55 percent contractor interest in OML 118. The other co-venturers are Esso Exploration & Production Nigeria Limited 20 percent; Total E&P Nigeria Limited, 12.5 percent and Nigerian Agip Exploration Limited 12.5 percent.
— Oct 5, 2015 @ 14:45 GMT
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