Shell has reached a positive final investment decision (FID) on its Bonga North development. The oil project offshore Nigeria is intended as a subsea tie-back to the Bonga floating storage and offloading (FPSO) unit, which is also operated by Shell.
Bonga North's development plan cover the drilling of 16 wells (eight for production and eight for water injection). The Bonga FPSO will go through changes to be tied-back to the North project.
Shell is the operator with a 55% stake in Bonga North. Esso owns 20%, while Nigerian Agip Exploration (NAE) and TotalEnergies each own 12.5%. Nigerian National Petroleum Company (NNPC) is involved in Bonga North as a partner.
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