Site icon Naijaonpoint.com.ng

TechnipFMC Gets Contract for Shell’s Bonga North Project

TechnipFMC

TechnipFMC has been awarded a substantial contract by Shell Nigeria Exploration and Production Company Limited to supply Subsea 2.0® production systems for the Bonga North development in Nigeria.

The contract covers the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services.

According to Mr Jonathan Landes, President of Subsea at TechnipFMC, commented: “Shell was the first to adopt our Subsea 2.0® configure-to-order solution, and continues to deploy it across multiple basins—underscoring its commitment to the technology globally. This award further positions us for future deepwater opportunities in the region.”

Shell last week announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria.

The deal valued at $5 billion was the first of such investments in over a decade.

According to a statement to the effect, Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55 per cent interest.

Bonga is a deep-water development located in OML 118, at water depths exceeding 1,000 meters. Production at the Bonga FPSO began in 2005, with a capacity to produce 225,000 barrels of oil per day. The project produced its one-billionth barrel of crude oil in 2023.

This means Shell will operate the majority (55 per cent) in the Bonga field in partnership with Esso Exploration and Production Nigeria Ltd. (20 per cent), Nigerian Agip Exploration Ltd. (12.5 per cent), and TotalEnergies Exploration and Production Nigeria Ltd. (12.5 per cent), on behalf of the Nigerian National Petroleum Company (NNPC) Limited.

The Bonga North project involves drilling, completing, and starting up 16 wells (8 production and 8 water injection wells), modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO.

The project will sustain oil and gas production at the Bonga facility. Bonga North currently has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent (boe) and will reach a peak production of 110,000 barrels of oil a day, with the first oil anticipated by 2030.

Exit mobile version