Shell Announces FID in Bonga North Project to Sustain Oil Production
Shell Global(SHEL) ZACKS·2024-12-18 19:41
Shell plc’s (SHEL) subsidiary, Shell Nigeria Exploration and Production Company (SNEPCo), announces a significant final investment decision (FID) in Bonga North, a deep-water project off the coast of Nigeria. The project is a subsea tie-back to an existing Bonga Floating Production Storage and Offloading (FPSO) facility, which is operated by SHEL.An Insight Into SHEL’s Bonga North ProjectBonga is a deep-water development located at water depths of more than 1,000 meters. The original Bonga FPSO has been in ...