Fidelity bank banner UBA banner
Bonga achieves 763 million oil barrels production

By News Express on 14/05/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,877

•Worker monitoring Bonga Floating Production Storage and offloading vessel
•Worker monitoring Bonga Floating Production Storage and offloading vessel

 

Shell Nigeria Exploration and Production Company (SNEPCo) delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017, while at the same expanding the field with further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back that unlocked the nearby Bonga North West field in August 2014. “The success story at Bonga is not only that it is Nigeria’s first oil and gas production project in more than 1,000 metres of water, or that It increased Nigeria’s oil production capacity by 10% in 2005,” said SNEPCo Managing Director, Bayo Ojulari, while reviewing the operations of the company to journalists in Lagos. “The main point is that Bonga is a Nigerian venture delivered by Nigerians using global expertise and processes offered by Shell that have launched Nigeria into the league of notable deepwater players.”

He identified the Bonga turnaround maintenance in March and April 2017 as a significant milestone in SNEPCo’s operations. This was the most complex and largest of the three previous turnaround maintenances in the 12-year history of Bonga, and has helped to ensure safe and sustained production and reduced unscheduled production deferments. More than 1,000 people and more than 50 Nigerian contractor and sub-contractor companies participated in the exercise.

Another milestone was the refurbishment of five subsea trees in 2015 at a fabrication yard at Onne in Rivers State, the first in Sub-Saharan Africa with Nigerian engineers and technicians playing key roles. The feat is consistent with the growth of support industries from Bonga operations which have boosted demand for a range of goods and services including offshore vessels and platforms, materials, floating hotels, helicopters and manpower, creating jobs and providing a range of training and maintenance services to the industry locally.

Working in close collaboration with the Nigerian National Petroleum Corporation (NNPC,) the concessionaire and co-venture partners, SNEPCo has implemented a robust social investment portfolio that has made a visible impact in the six geopolitical zones of Nigeria.

Mr. Ojulari paid tribute to the staff and contractor personnel who have worked hard to ensure sustained production at Bonga, thereby creating a stable source of revenue for all stakeholders particularly the Nigerian government. He added: “We are working hard to strengthen the Nigerian connection. It is not a coincidence that, since 2005, the Managing Director of SNEPCo has been Nigerian and today, 96% of SNEPCo’s staff is Nigerian. SNEPCo is also committed to further unlocking Nigeria’s deep-water resources and along with its co-venture and government partners is evaluating opportunities to further increase production of the Bonga field in an efficient and cost-effective way.”

 

Source News Express

Posted 14/05/2018 04:20:55 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Siasia apologises to Nigerians over loss

FRSC Unit Commander leads physical assault on rights...

Dust haze, sunny and cloudy weather expected today...

False asset declaration: CCT stops Justice Ngwuta's trial...

Group tackles Dickson for extending tenure of Bayelsa...

Jonathan over-rules Petroleum Minister on sale of refineries...

RIGHTSView: CONFAB: WHAT OF POLICE REFORMS?

UBA hits N91 billion Profit Before Tax •Declares...

Ex-Taraba SA on Revenue Matters convicted for N5.4m...

Why Nigerian security forces and law enforcement are...

Executive-legislative synergy vital for good governance, democratic evolution...

Tailor kills brother with scissors

 

Latest News BREAKING NEWS: 24-hour curfew imposed on Kaduna community 2019: Yoruba youths set agenda for Atiku Tiv group files N550bn suit against Buhari, Miyetti Allah, others Obasanjo/Atiku: Catholic Secretariat clears Fr. Kukah •Accuses Buhari Media Organisation of mischief Obi dismisses allegation of ethnic bias in Onitsha Bridge Head clean-up •Denies comments on first class travel, foreign medical trips Okowa calls for abolition of death penalty, advocates prison reforms 2 die as political thugs clash in Lagos No plot to assassinate Fayose in custody — EFCC NHIS Executive Secretary bags indefinite suspension Atiku, Obasanjo and the road ahead Atiku denies owning online grant scheme Imo APC guber primary: Appeal panel upholds Nwosu’s election

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (407,377 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,738 views) Shameless Genevieve Nnaji exposes breasts in public (315,094 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (257,557 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,682 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,498 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,276 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,747 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,412 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,000 views) Lagos plane crash: Journalist releases victims’ names (161,639 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,411 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,687) Business Verdict (52) Columnists (948) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,541) Interview (165) Live Commentary (28) Love Matters (145) News (39,717) Opinion (1,124) Pidgin (13) Politics (7,282) Religion (881) Sports (1,733) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement