Shell Nigeria Exploration and Production Company (SNEPCo), the largest operator in the Nigeria’s oil upstream sector, has confirmed the delivery of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017.
The company, had following the field’s production prospects, the company had during the period expanded the field with further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back that unlocked the nearby Bonga North West field in August 2014.
Making these disclosures at a media briefing in Lagos where he reviewed activities of the E&P entity, the Managing Director, Mr. Bayo Ojulari explained that “the success story at Bonga is not only that it is Nigeria’s first oil and gas production project in more than 1,000 metres of water, or that It increased Nigeria’s oil production capacity by 10% in 2005.
“The main point is that Bonga is a Nigerian venture delivered by Nigerians using global expertise and processes offered by Shell that have launched Nigeria into the league of notable deep -water players”, the oil expert added.
According to him, the Bonga turn around maintenance (TAM) in March and April 2017 as a significant milestone in SNEPCo’s operations, since it represented the most complex and largest of the three previous turnaround maintenances in the 12-year history of Bonga.
Specifically, Ojulari pointed out that the TAM had helped to ensure safe and sustained production and reduced unscheduled production deferments as more than 1,000 people and more than 50 Nigerian contractor and sub-contractor companies participated in the exercise.
Similarly, he listed the refurbishment of five subsea trees in 2015 at a fabrication yard at Onne, Rivers State, the first in Sub-Saharan Africa with Nigerian engineers and technicians playing key roles, as another landmark repositioning initiative of the company.
He clarified: “The feat is consistent with the growth of support industries from Bonga operations which have boosted demand for a range of goods and services including offshore vessels and platforms, materials, floating hotels, helicopters and manpower, creating jobs and providing a range of training and maintenance services to the industry locally.”
The SNEPCo chief hinted further that working in close collaboration with the Nigerian National Petroleum Corporation (NNPC,) the concessionaire and co-venture partners, the company had also implemented a robust social investment portfolio that has made visible impact in the six geopolitical zones in the country.
He lauded the company’s employees and contractors who had worked hard to ensure sustained production at Bonga field, thereby creating a stable source of revenue for all stakeholders, particularly the Nigerian government.
He explained: “We are working hard to strengthen the Nigerian connection. It is not a coincidence that, since 2005, the Managing Director of SNEPCo has been Nigerian and today, 96% of SNEPCo’s staff is Nigerian.
“SNEPCo is also committed to further unlocking Nigeria’s deep-water resources and along with its co-venture and government partners is evaluating opportunities to further increase production of the Bonga field in an efficient and cost-effective way”, Ojulari added.