Shell Nigerian exploration unit hits 1bn barrel production milestone

Nigeria’s first deep-water exploration and production vessel, Bonga, hit a 1-billion-barrel oil export mark on Monday, three months after it was shut down for maintenance due to suspected sabotage.

“One billion barrels is an exciting milestone,” said Elohor Aiboni, SNEPCo’ s first female Managing Director, adding, “I’m incredibly proud of all of our employees and contractors who’ve contributed to the success of the Bonga FPSO and the attainment of this remarkable achievement.”

Aiboni also attributed the success of Bonga to the supportive partnership with the Nigerian National Petroleum Company Limited and SNEPCo’s co-venturers – TotalEnergies EP Nigeria Limited, Nigerian Agip Oil Company, and Esso Exploration and Production Nigeria Limited.

Bonga, a floating production, storage, and offloading (FPSO) vessel which began operations in 2005 is anchored 120 kilometres offshore in the Gulf of Guinea and has consistently delivered value in national revenue, local capacity development of Nigerian engineers and funding support to the service industry, in addition to its many social investment programmes in health, education and sports.

According to Aiboni, the integrated delivery approach, continuous improvement and the support lever offered by the technological prowess of the Shell Group are the pillars of SNEPCo’s excellence delivery.

“We are building a leading safe, simpler and cost-disciplined deep-water business that brings value to our partners, shareholders and Nigeria which remains a heartland for Shell,” she said.

The Bonga FPSO vessel has seen significant expansion over the years with the further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back that unlocked the nearby Bonga Northwest field in August 2014. Bonga Northwest can produce approximately 65,000 barrels of oil equivalent a day.

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Speaking on the Bonga billion-barrel milestone, Osagie Okunbor, the Country Chair, Shell Companies in Nigeria, , commended the resilience, focus and dedication of the entire SNEPCo team, most of whom are Nigerians. “I feel a strong sense of pride knowing that today, over 95 percent of SNEPCo staff, including those working on the Bonga FPSO, are trained Nigerian deep-water professionals, who daily contribute their quota, in the development of Nigeria’s deep-water hydrocarbon resources. The entire team should be incredibly proud of themselves,” Okunbor said.

In a congratulatory message to SNEPCo and its co-venture partners, Bala Wunti, Chief Upstream Investment Officer of NNPC’s Nigeria Upstream Investment Management Services (NUIMS), said, “The many successes recorded by Bonga have continued to trigger significant development in Nigerian’s deep-water oil and gas exploration and production, for which reason the place of Bonga in Nigeria’s upstream DNA cannot be overemphasised.”