Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has confirmed its commitment to the development of the Bonga North deep-water project off the Nigerian coast.
The company made the announcement on Monday, marking a significant milestone in sustaining oil and gas production from the region.
Bonga North, estimated to contain over 300 million barrels of oil equivalent (boe) in recoverable resources, is projected to reach peak production of 110,000 barrels of oil per day.
First oil is expected before the end of the decade, signaling Shell’s continued investment in its upstream operations.
“This is another significant investment, which will help us to maintain stable liquids production from our advantaged Upstream portfolio,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director.
The Bonga North project will be executed as a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, in which Shell holds a 55% operating interest.
The project scope includes drilling and completing 16 wells—eight production and eight water injection wells—modifications to the existing FPSO, and installation of new subsea infrastructure.
Shell emphasized that the project aligns with its strategy to sustain long-term cash generation while contributing to energy stability in the region. “Bonga North reinforces our commitment to delivering value through strategic investments in our portfolio,” the company stated.
The decision reflects Shell’s confidence in Nigeria’s deep-water potential and its strategic importance to the company’s global operations.
