News
Shell’s Bonga oilfield in Nigeria to undergo maintenance -spokesman
Royal Dutch Shell’s Bonga oilfield in Nigeria will undergo maintenance in March and April, though the impact on production and exact dates are still being finalised, a spokesman said. Shell operates the offshore field via its Nigerian subsidiary SNEPCo. In March, around 153,000 barrels per day (bpd) of crude were due for export, according to a loading programme.
“The Bonga FPSO will be undergoing scheduled maintenance and project activities in addition to regulatory inspections during March and April. Exact dates and production impacts are currently under review,” the spokesman said. So far, no April loading programme has emerged. Traders said just two cargo loading dates came out for April 1-2 and 11-12, the first of which is likely a deferral from March.

Bonga, known as Bonga North West, is located in the OML 118 block. Shell announced plans to develop another field called Bonga South West inside the same area. The $10 billion development is expected to add 200,000 bpd, roughly 10% of Nigeria’s current oil production. However, uncertainty over future fiscal terms has delayed a final investment decision.
Reuters
-
Economy2 days agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News2 days agoCardoso formally receives Central Bank of the Year Award
-
Uncategorized2 days ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Finance18 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Stock Market18 hours agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas2 days agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas2 days agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News2 days agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG
