Name of the Project
Bonga North deep-water project.

Location
Nigeria.

Project Owner/s
Shell subsidiary Shell Nigeria Exploration and Production Company Limited (SNEPCo – 65%) operates the Bonga field in partnership with Esso Exploration and Production Nigeria (20%), and Nigerian Agip Exploration (15%), on behalf of the Nigerian National Petroleum Company (NNPC).

Project Description
The project will sustain oil and gas production at the Bonga facility.

Bonga North currently has estimated recoverable 2P (proven and probable) resources of more than 300-million barrels of oil equivalent and will reach a peak production of 110 000 bbl/d.

The project involves drilling, completion, and startup of 16 wells (eight production and eight water injection wells), modifications to the existing Bonga Main floating production storage and offloading (FPSO) facility and the installation of new subsea hardware tied back to the FPSO.

Potential Job Creation
Not stated.

Capital Expenditure
Not disclosed.

Planned Start/End Date
SNEPCo announced a final investment decision in December 2024. First oil is expected by the end of the decade.

Latest Developments
SNEPCo has completed the previously announced agreement and increased its stake in the OML 118 Production Sharing Contract (OML 118 PSC) – an oil mining lease off the shore of Nigeria that includes the Bonga field – from 55% to 65%.

SNEPCo signed an agreement with TotalEnergies EP Nigeria to acquire its 12.5% stake in OML 118 PSC in May 2025. 

TotalEnergies announced on November 25 that its subsidiary, TotalEnergies EP Nigeria, had completed the divestment of its 12.5% nonoperated interest in the OML 118 PSC to SNEPCo (10%) and Nigerian Agip Exploration (2.5%) for an aggregated $510-million.

Key Contracts, Suppliers and Consultants
No information provided.

Contact Details for Project Information
Shell, tel +44 20 7934 1234 or email GroupMediaUK@shell.com.