BONGA SHUTDOWN: NIGERIA’S CRUDE EXPORTS TO DIP BY 225,000 BPD
GREATRIBUNETVNEWS–Shell’s Bonga Floating Production, Storage and Offloading vessel is shutting down for scheduled maintenance, impacting Nigeria’s crude oil exports.
Key Issues:
– _”The scheduled maintenance is designed to reduce unplanned deferments, improve operational efficiency, and strengthen the asset’s overall resilience.”_ – Ronald Adams, SNEPCo Managing Director
– Crude oil exports to decline by 225,000 barrels per day in February
– Bonga FPSO shutdown for turnaround maintenance, expected to resume production in March
– Maintenance aims to ensure safe and efficient operations, positioning Bonga for another 15 years
– Bonga field produced 1 billion barrels of oil* since operations commenced in 2005
Adams also highlighted the growing importance of the Bonga FPSO following the Final Investment Decision taken in 2024 on the Bonga North project, noting that the maintenance will help prepare the facility to handle additional production volumes expected from the subsea tie-back development.
The Bonga FPSO has a nameplate production capacity of 225,000 barrels of oil per day, which explains the scale of the expected decline in Nigeria’s crude exports during the maintenance period.
In addition to crude oil, the facility is capable of producing up to 150 million standard cubic feet of gas per day.
The Bonga field is operated by SNEPCo under a production sharing contract with the Nigerian National Petroleum Company Limited.
Partners in the venture include Esso Exploration and Production Nigeria (Deepwater) Limited and Nigerian Agip Exploration Limited.
The asset is regarded as critical to Nigeria’s oil production stability, energy security, and revenue generation.
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