Wednesday, September 27, 2023
Home WORLD MARKET Nigeria’s first deepwater vessel, Bonga FPSO hits 1BN barrels milestone 

Nigeria’s first deepwater vessel, Bonga FPSO hits 1BN barrels milestone 

Nigeria’s first deep-water exploration and production vessel, Bonga, hit a 1-billion-barrel oil export mark on Monday. This milestone is coming three months after a major turnaround maintenance (TAM) of the facility was completed ahead of schedule.

Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Elohor Aiboni, described the milestone as a celebration of excellence, leadership and focused delivery that has brought significant benefits to Nigeria and Nigerians.

“One billion barrels is an exciting milestone,” said Aiboni, SNEPCo’ s first female Managing Director, adding, “I’m incredibly proud of all of our employees and contractors who’ve contributed to the success of the Bonga FPSO and the attainment of this remarkable achievement.”

Aiboni also attributed the success of Bonga to the supportive partnership with the Nigerian National Petroleum Company Limited and SNEPCo’s co-venturers – TotalEnergies EP Nigeria Limited, Nigerian Agip Oil Company, and Esso Exploration and Production Nigeria Limited.

Bonga, a floating production, storage, and offloading (FPSO) vessel which began operations in 2005 is anchored 120 kilometres offshore in the Gulf of Guinea and has consistently delivered value in national revenue, local capacity development of Nigerian engineers and funding support to the service industry, in addition to its many social investment programmes in health, education and sports.

According to Aiboni, the integrated delivery approach, continuous improvement and the support lever offered by the technological prowess of the Shell Group are the pillars of SNEPCo’s excellence delivery. “We are building a leading safe, simpler The Bonga FPSO vessel has enjoyed significant expansion over the years with the further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back that unlocked the nearby Bonga Northwest field in August 2014. Bonga Northwest can produce approximately 65,000 barrels of oil equivalent a day and was named Engineering Project of the Year 2015 at the prestigious Platts Global Energy Awards in New York.

Speaking on the Bonga billion-barrel milestone, the Country Chair, Shell Companies in Nigeria, Osagie Okunbor, commended the resilience, focus and dedication of the entire SNEPCo team, most of whom are Nigerians. “I feel a strong sense of pride knowing that today, over 95 percent of SNEPCo staff, including those working on the Bonga FPSO, are trained Nigerian deep-water professionals, who daily contribute their quota, in the development of Nigeria’s deep-water hydrocarbon resources. The entire team should be incredibly proud of themselves,” Okunbor said.

In a congratulatory message to SNEPCo and its co-venture partners, Chief Upstream Investment Officer of NNPC’s Nigeria Upstream Investment Management Services (NUIMS), Bala Wunti, said, “The many successes recorded by Bonga have continued to trigger significant development in Nigerian’s deep-water oil and gas exploration and production, for which reason the place of Bonga in Nigeria’s upstream DNA cannot be overemphasised.”

RELATED ARTICLES

NCDMB hosts NOGOF, to launch Compendium of Nigerian Content Opportunities in Yenagoa

According to NCDMB Executive Secretary, Engr. Simbi Wabote, this year’s theme is important as it highlights the critical role of the oil and gas industry in fueling industrialization and overall development of Nigeria's economy. 

Saudi Arabia and OPEC+ Producers to Cut Oil Production Output Until End of 2023

Saudi Arabia and OPEC+ producers have recently announced a surprising cut to oil production. The move to cut...

NIMASA dispatches 235 NSDP beneficiaries to India, Greece

While acknowledging some teething challenges experienced by the NSDP scholarship scheme in the earlier Phases, the NIMASA DG noted that all grey areas have been addressed to ensure a better deal for both beneficiaries and the Nigerian Government.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

Allegation of illegal sale of 48m barrels of crude false, Malami insists

Recall that the minister took the same position when he first appeared before the panel on April 27, 2023 to give testimony.

Recent Comments