Shell has announced its final investment decision (FID) on the ambitious Bonga North deep-water project in Nigeria.
This landmark initiative will ensure sustained oil and gas production in the region, strengthening Nigeria’s energy sector. The project will integrate with Shell’s Floating Production Storage and Offloading (FPSO) facility, where the company holds a 55% operating stake.
Bonga North boasts an estimated recoverable resource of over 300 million barrels of oil equivalent, marking a significant addition to Nigeria’s reserves. With peak production expected to reach 110,000 barrels of oil per day, it promises a robust output for decades ahead.
Shell anticipates the first oil from Bonga North to flow by the end of the decade, a timeline that reflects the project’s complex engineering demands.
This deep-water development underlines Shell’s commitment to enhancing Nigeria’s energy capacity while reinforcing its footprint in global energy markets.
