Bonga North is a conventional oil development located in deepwater in Nigeria and is operated by Shell Nigeria Exploration & Production. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Bonga North was discovered in 2005, lies in block OML 118 (OPL 212P), with water depth of around 3,346 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2023. The development cost is expected to be $5,000 m.
Field participation details
The field is owned by Eni, Exxon Mobil, Shell and TotalEnergies.
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.
For more details on the Bonga North Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
