Shell’s Bonga Produces 800 Million Barrels of Oil

• Shell’s Bonga Produces 800 Million Barrels of Oil

Shell Nigeria Exploration and Production Company said on Monday that its Bonga vessel has produced over 800 million barrels of crude oil in 13 years of deep-water exploration.

SNEPCo said in a statement that the feat confirmed it as a pacesetter in offshore oil and gas production in the Gulf of Guinea.

In the review of the performance of the Bonga Floating Production, Storage, and Offloading vessel for 2018, the Managing Director, SNEPCo, Bayo Ojulari, expressed satisfaction with the consistent availability and optimal performance of the vessel.

The vessel began operation at the Bonga field in Oil Mining Lease 118 in 2005 under a production sharing contract with the Nigerian National Petroleum Corporation, according to the statement.

Ojulari said, “We are relentless in our pursuit of excellence on all fronts, and this we have consistently demonstrated with the management of Bonga to the satisfaction of our government and co-venture partners.

“We leverage the Shell group’s global expertise in technology and new advancements in the industry to continue to unlock Bonga’s huge potential, one such example was the completion and inauguration of the Bonga North West Cross Over module in 2014, a first in the history of Shell which launched the beginning of a new phase delivering the reservoirs proven volumes and maintaining production of the FPSO at full capacity.”

According to him, SNEPCo, with the support of the NNPC and the co-venture partners – Total E & P, Nigerian Agip Oil Company, and ExxonMobil – has also done so much for Nigeria and Nigerians in its years of operations in revenue and taxes accruable to the government, and social investments in education, sports and health across the country.

In the last three years, SNEPCo had spent over $3m yearly in scholarships and other intervention in schools across Nigeria, including the NNPC/SNEPCo Cradle-to-Career scholarships for the six years of secondary school for children from rural areas.