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Shell Nigeria Exploration News

31 Jul 2018

Shell to Make Final Investment Call on Nigeria Oilfield in 2019

Royal Dutch Shell and its partners will decide next year on whether to go ahead with the development of Nigeria's Bonga Southwest offshore oilfield, a senior company official said on Tuesday.The project, one of the country's largest with an expected production of 180,000 barrels per day, will generate profit at below $50 a barrel, Bayo Ojuli, managing director of Shell Nigeria Exploration and Production Company, told reporters.Shell is currently negotiating a production sharing contract with the Nigerian government which will determine the viability of the project, he said. The negotiations are expected to finish this year.Shell operates the project and ExxonMobil, Total , Eni and the Nigerian National Petroleum Company are partners.(Reporting by Ron Bousso; editing by Jason Neely)

07 Oct 2015

Shell Starts Bonga Phase 3 in Nigeria

Photo: Shell

Shell Nigeria Exploration and Production Company Ltd (SNEPCo) announced the start-up of production from the Bonga Phase 3 project. Bonga Phase 3 is an expansion of the Bonga Main development, with peak production expected to be some 50,000 barrels of oil equivalent, Shell said. This will be transported through existing pipelines to the Bonga floating production storage and offloading (FPSO) facility, which has the capacity to produce more than 200,000 barrels of oil and 150 million standard cubic feet of gas a day.

23 Jul 2012

Nigeria Fines Shell US$ 5-billion for Oil Spill

Dr. Peter Idabor, Director General, National Oil Spill Detection and Response Agency (NOSDRA) was quoted by  local media as announcing the fine against Shell Nigeria Exploration and Production Company (SNEPCo), when he appeared before the House of Representatives Committee on Environment, reports 'AfriqueJet - Afrique Actualité Information'. He said the sum was an “administrative penalty” considering the large quantity of crude oil discharged into the environment by SNEPCo and the impact of the incident on the water and aquatic life. The 40,000 barrels of crude oil that were spilled at Bonga impacted approximately on 950 square kilometres of water surface…

28 Jul 2005

Shell Makes Two Discoveries in Nigeria

Shell Nigeria Ultra Deep Limited and Shell Nigeria Exploration Properties Alpha Limited, companies of the Shell Group, announced they have made discoveries in two 'Big Cat prospects'. Further appraisal is required to determine the discoveries' resource potential. The wells, in blocks OPL 322 and OPL 245, were both in frontier areas. Bobo -1X was drilled in block OPL 322, to a total depth of 5,173 m in 2,479 m of water, the second deepest well in offshore Nigeria. Drilling was completed on 16 July 2005, under budget, and found over 140 meters of hydrocarbon bearing sands. Shell Nigeria Exploration Properties Alpha Limited has a 40 per cent shareholding in OPL 322. mEtan -1X was drilled in block OPL 245 to a total depth of 4,574 m in 1,720 m of water.

14 Nov 2007

Organizational Changes at Shell

and Production Africa Limited (SEPA) and Shell Nigeria Exploration and Production Company Limited (SNEPCO) (together hereinafter referred to as "Shell") announced the intent to improve efficiency and reduce costs, taking advantage of synergies between companies and eliminating duplication, under a project called 'One Shell'. Under One Shell, there will, for example, be one Production organization, one Development organization, one Projects organization, in addition to the sharing of support services. SEPA, SPDC and SNEPCO will continue to discharge all of their respective corporate and contractual obligations as fully functioning separate legal entities. Management of the business affairs of the companies will remain vested in their respective Boards.

04 Dec 2002

Bonga

Owner Shell Nigeria Exploration and Production Co. Samsung's latest technological innovation is the successful completion and delivery of an 2,000,000 bbls FPSO, Bonga, built for the Shell Nigeria Exploration and Production Company, SNEPCO in June 2002. The vessel, which is a double hull type floating oil production, storage, and offloading unit (FPSO), will be permanently spread moored in Bonga field located offshore Nigeria in water depth ranging from 1,000 to 1,125 m. The Machinery space will be located underneath the accommodation spaces. The double bottom in way of machinery spaces is used as sludge and oily water drain tanks.

14 Dec 1999

Exxon Mobil Makes Major Find Off Nigeria

Exxon Mobil Corp. made a major oil and gas discovery in the deepwater off the coast of Nigeria. Located about 100 miles southeast of Lagos, the discovery well, Erha-1, was drilled from December 1998 to February 1999. Exxon Mobil said the appraisal well, Erha-2, stood in 3,860 feet of water and was drilled to a total depth of 12,287 feet. It tested at a flow rate of 2,800 barrels per day. As operator, Exxon will hold a 56.25 percent participating interest and Shell Nigeria Exploration and Production Co., a unit of the Royal Dutch/Shell Group, will a hold 43.75 percent stake. Including the Erha find, Exxon Mobil holds an interest in 44 deepwater blocks in West Africa.

09 Aug 2001

Coflexip Stena Offshore Wins Bongo Installation Deal

Coflexip Stena Offshore International has been awarded through Single Buoy Moorings (SBM) a significant part of the mooring and installation package for Shell Nigeria Exploration & Production Company's (SNEPCO) Bonga field development. This field is located in OML* 118 some 120 km offshore Nigeria's Niger Delta South West coastline in 3,600 ft. (1,100 m) of water. The field is operated by SNEPCO (55%) on behalf of Nigerian National Petroleum Company in partnership with Esso Exploration and Production Company Nigeria Ltd (20%), Nigeria Agip Exploration Ltd (12.2%) and Elf Petroleum Nigeria Ltd (12.5%). CSO International's scope will cover project management, engineering, procurement, transportation and installation of three dynamic 19-in.