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April 28, 2022

Bonga North Conventional Oil Field, Nigeria

By Carmen

Bonga North is a conventional oil development located in deepwater in Nigeria and is operated by Shell Nigeria Exploration & Production. Discovered in 2005, Bonga North lies in block OML 118 (OPL 212P), with water depth of around 3,346 feet.

The project is currently in feed stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2022. The development cost is expected to be $1,900 m.

Field participation details

The field is owned by Exxon Mobil, TotalEnergies, Eni and Shell.


Production from Bonga North

Production from the Bonga North conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 94,560 bpd of crude oil and condensate and 58 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2063.


Remaining recoverable reserves

The field is expected to recover 503.37 Mmboe, comprised of 467.76 Mmbbl of crude oil & condensate and 213.67 bcf of natural gas reserves.


About Shell Nigeria Exploration & Production

Shell Nigeria Exploration & Production Company (SNEPCo) a subsidiary of Royal Dutch Shell plc is an oil and gas company that offers production of crude oil and natural gas properties. The company operates pioneered Nigeria’s deep-water oil and gas production facilities at the Bonga field. It offers exploration and production of oil and gas through onshore and offshore projects. The company also operates Nigeria’s oil and gas joint venture on behalf of government-owned corporations. It has offices in Port Harcourt, Warri, Lagos and Abuja. SNEPCo is headquartered in Lagos, Nigeria.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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