Bonga Boost: Shell to Deepen Investments in Deep Water, Gas, Renewables

Shell says it is working to extend the life of the Bonga Floating, Production, Storage, Offloading (FPSO) vessel for another 15 years to handle more production from Nigeria’s first deep-water development which came on stream in November 2005.

On Wednesday, a statement by the company said the Bonga Main Life Extension Project comes as the company explores opportunities in deep-water, gas and renewables in Nigeria where it pioneered oil and gas production more than 60 years ago.

“Shell is committed to developing its robust portfolio in Nigeria,” Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Elohor Aiboni said at a panel discussion at the ongoing 8th Sub-Saharan Africa International Petroleum, Exhibition and Conference (SAIPEC) in Lagos.

At the yearly conference organised by the Petroleum Technology Association of Nigeria (PETAN), Aiboni said; “We are maturing numerous projects planned to come onstream in the short, medium, and long terms with the right fiscal and regulatory framework.

“Bonga produced 1 billion barrels of oil last year and SNEPCo has stepped up efforts for additional volumes from existing assets with more to come on stream in 2024 and beyond. Other opportunities in deep water include the Bonga North, Bonga South-West and Nnwa Doro projects on which SNEPCo is collaborating with the Nigerian government and partners to implement. Shell is also expanding its gas portfolio with both SNEPCo and The Shell Petroleum Development Company of Nigeria Ltd (SPDC) maturing several projects to deliver gas from their onshore and deep-water assets,” she said.

For its part, Shell Nigeria Gas said it is currently serving more than 130 industrial and commercial customers and looks to expand its gas distribution network to deliver over 1,000MW equivalent of energy to industrial parks and manufacturing companies in Nigeria.

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