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Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc, has made a final investment decision (FID) for the Bonga North Deepwater Project, a major step that will boost Nigeria’s oil production by an additional 110,000 barrels per day (bpd).Bonga North, a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, is expected to sustain oil and gas production at the facility.The project is estimated to hold more than 300 million barrels of oil equivalent (boe) in recoverable resources and it is projected to reach a peak production of 110,000 barrels of oil per day. The first oil from the project is anticipated before the end of the decade.Click the link in bio for the full story#Shell #SNEPCO #FID #FPSO
Dec 17, 2024
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