Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Shell schedules Bonga oilfield’s maintenance

Fakoyejo Olalekan by Fakoyejo Olalekan
March 2, 2020
in Business News, Company News
Shell, NNPC lament Nigeria’s electricity deficit, Shell schedules maintenance of Bonga oilfield, maintenance to affect Nigeria’s oil production

Shell-MD-Osagie-Okunbor

Share on FacebookShare on TwitterShare on Linkedin

Nigeria’s oil production might be affected as Bonga oilfield, owned by Royal Dutch Shell, has been scheduled for maintenance.

While the exact dates of the exercise have not been fixed, the maintenance is expected to start in March and end in April. The oilfield will also undergo regulatory inspections.

Shell wants oil spillage case tried in Nigeria, but victims say no, UK court ruling affects acquisition of Shell’s oil block by Governor Wike 

RelatedPosts

Shell awards 8% annual salary bonus to employees as oil firm reports record profit

British oil giant, Shell posts earnings of $9.1 billion in Q1 2022

“The Bonga FPSO will be undergoing scheduled maintenance and project activities in addition to regulatory inspections during March and April.

“Exact dates and production impacts are currently under review,” a spokesman said.

News continues after this ad


Shell Nigeria Exploration and Production Company (SNEPco), a subsidiary of Shell in Nigeria, currently operates the offshore field which is located in the OML 118 block.

[READ MORE: Shell disburses N56 million grant to support youths in entrepreneurship)

According to a report by Reuters, around 153,000 barrels per day (bpd) of crude are due for export in March but no April loading programme has emerged. Two cargo loading dates were, however, reportedly deferred from March to April 1-2 and 11-12, traders disclosed.

News continues after this ad


Meanwhile, Shell is reportedly planning on developing another field called Bonga South West at OML 118 block. This is expected to gulp about $10 billion and add 200,000 barrels per day (bpd), which will be roughly 10% of Nigeria’s current oil production.

But there’s a problem preventing the development of the Bonga South West, which is the uncertainty over future fiscal terms. This has delayed a final investment decision. Nairametrics had reported that SNEPCo announced the release of Invitation to Tender (ITT) to contractors for the development of the Bonga South West Aparo (BSWA) oil field in February 2019.

It was reported that the project’s initial phase includes a new Floating, Production, Storage and Offloading (FPSO) vessel, more than 20 deep-water wells and related subsea infrastructure. The field lies across Oil Mining Leases 118, 132 and 140, about 15km southwest of the existing Bonga Main FPSO. The first oil is expected around 2021 or 2022.

Related

Tags: Bonga oilfieldRoyal Dutch ShellShellSNEPCo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Benin DisCo says forceful takeover causing company monthly loss of N750 million
    • Dangote Major Driver of Real Estate Development – Builders
    • Kenyan Shilling plunges against dollar since William Ruto’s victory

    Follow us on social media:

    Recent News

    Benin DisCo says forceful takeover causing company monthly loss of N750 million

    Benin DisCo says forceful takeover causing company monthly loss of N750 million

    August 17, 2022
    Dangote Major Driver of Real Estate Development – Builders

    Dangote Major Driver of Real Estate Development – Builders

    August 17, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com