Shell, through its Nigerian subsidiary, has finalized its decision to invest in the Bonga North Deepwater Development project in Nigeria.
Located within an extension of the active Bonga field in Oil Mining Lease (OML) 118, the project is designed to sustain production at the Bonga facility, with first oil expected by 2030.
The development aims to achieve a daily production target of 100,000 barrels of oil and includes 16 wells—eight oil production wells and eight water injection wells.
The Bonga field, which began operations in 2005, reached the milestone of producing its one-billionth barrel of crude oil in 2023.
Through the development of Bonga North, Shell seeks to maintain output from this critical deepwater asset.
Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director, stated, “Bonga North is another significant investment that will help us sustain stable liquids production from our advantaged upstream portfolio.”
