Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced the final investment decision (FID) for Bonga North, a deep-water project located off Nigeria’s coast.
In a statement released on Monday, the company highlighted that the project aims to sustain oil and gas production at the Bonga facility.
Bonga North boasts an estimated recoverable resource of over 300 million barrels of oil equivalent (boe) and is projected to achieve peak production of 110,000 barrels of oil per day, with first oil expected by the end of the decade.
“This is another significant investment, which will help us to maintain stable liquids production from our advantaged Upstream portfolio,” said Shell’s Integrated Gas and Upstream Director, Zoë Yujnovich.
Shell Nigeria Exploration and Production Company Limited (SNEPCo) stated that the Bonga North project will bolster its Integrated Gas and Upstream business, ensuring continued cash generation well into the next decade.
The project will be developed as a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, in which Shell holds a 55% interest.
Bonga North involves drilling, completing, and commissioning 16 wells—eight for production and eight for water injection—along with modifications to the existing Bonga Main FPSO and the installation of new subsea infrastructure connected to the facility.