Shell plc has announced a significant investment in the Bonga North deep-water project, located off the coast of Nigeria.
This decision marks a major milestone for the company’s operations in the region.
Bonga North is expected to contribute significantly to Nigeria’s oil and gas production, with an estimated recoverable resource volume of over 300 million barrels of oil equivalent.
The project is designed to maintain production levels at the existing Bonga field and is projected to reach peak production of 110,000 barrels of oil per day.
The investment in Bonga North underscores Shell’s commitment to Nigeria and its ongoing efforts to develop the country’s energy resources.
The project is anticipated to create jobs, stimulate economic growth, and contribute to Nigeria’s energy security.