RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Shell’s Bonga FPSO Passes the One Billion Barrel Mark.

Rate Captain by Rate Captain
February 14, 2023
in Economy
Reading Time: 2 mins read
A A
0
Shell’s Bonga FPSO Passes the One Billion Barrel Mark.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Nigeria’s first deep-water exploration and production vessel, Bonga, hit the one-billion-barrel oil export mark on Monday, three months after a major turnaround maintenance (TAM) of the facility was completed.

The director of Shell Nigeria Exploration and Production Company Limited (SNEPCO), Elohor Aiboni, disclosed this information.

AlsoRead

Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

NGX Gains 0.53% as Airtel Africa and First Holdco Lead Market Rally

Nigeria’s Crude Oil Exports Climb to N11.2 Trillion in First Quarter of 2026

This achievement is a testament to the hard work and dedication put in by Shell Nigeria Exploration and Production Company Limited (SNEPCo) employees as well as their contractors, who contributed to the success of this project. Elohor Aiboni, SNEPCo’s first female managing director, expressed her pride at achieving such an impressive feat, saying, “I’m incredibly proud of all our employees and contractors who have contributed to the success.”

Aiboni also attributed the success of Bonga to the supportive partnership with the Nigerian National Petroleum Company (NNPC) Limited, TotalEnergies EP Nigeria Limited, Nigerian Agip Oil Company, and Esso Exploration and Production Nigeria Limited.

Bonga’s floating production, storage, and offloading (FPSO) vessel, which began operations in 2005, is anchored 120 kilometers offshore in the Gulf of Guinea and has consistently delivered value in national revenue, local capacity development of Nigerian engineers, and funding support to the service industry, in addition to its many social investment programmes in health, education, and sports.

According to Aiboni, the integrated delivery approach, continuous improvement, and the support lever offered by the technological prowess of the Shell Group were the pillars of SNEPCo’s excellence in delivery.

“We are building a leading, safe, simpler, and more cost-disciplined deep-water business that brings value to our partners, shareholders, and Nigeria, which remains a heartland for Shell,” she said.

The Bonga FPSO vessel has enjoyed significant expansion over the years with the further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back that unlocked the nearby Bonga Northwest field in August 2014. Bonga Northwest can produce approximately 65,000 barrels of oil equivalent a day and was named Engineering Project of the Year 2015 at the prestigious Platts Global Energy Awards in New York.

Previous Post

CBN discovered N365 million of counterfeit notes in the five years.

Next Post

Naira depreciates to N755/$ in the parallel market.

Related News

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

by Jide Omodele
June 10, 2026
0

The International Monetary Fund (IMF) has projected that Nigeria’s public external debt will rise sharply to $72.6 billion by 2027,...

Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

NGX Gains 0.53% as Airtel Africa and First Holdco Lead Market Rally

by Jide Omodele
June 10, 2026
0

The Nigerian equities market extended its positive performance on Tuesday, closing higher by 0.53% amid renewed buying interest in major...

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Nigeria’s Crude Oil Exports Climb to N11.2 Trillion in First Quarter of 2026

by Akpan Edidong
June 9, 2026
0

Nigeria recorded crude oil exports worth N11.20 trillion in the first quarter of 2026, reinforcing oil’s position as the country’s...

Ex President Trump Makes Resounding Return to Twitter, Now Rebranded as X

Nigerians Spend Over N50 Billion on US Visas in Two Years as Approval Rate Drops 23%

by Victoria Attah
June 9, 2026
0

Nigerians paid more than N50 billion in application fees for United States visas between 2023 and 2024, even as the...

Next Post
Naira depreciates to N755/$ in the parallel market.

Naira depreciates to N755/$ in the parallel market.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Naira appreciated to N738/$ in the Parallel Market

Naira Holds Steady at N1,361/$ as Dollar Gains Support from Robust US Jobs Data

June 10, 2026
IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

June 10, 2026

Popular Story

  • Naira appreciated to N738/$ in the Parallel Market

    Naira Holds Steady at N1,361/$ as Dollar Gains Support from Robust US Jobs Data

    0 shares
    Share 0 Tweet 0
  • NGX Gains 0.53% as Airtel Africa and First Holdco Lead Market Rally

    0 shares
    Share 0 Tweet 0
  • Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

    0 shares
    Share 0 Tweet 0
  • WhatsApp to End Support for Older iOS Devices from November 2026

    0 shares
    Share 0 Tweet 0
  • Stock investors gain N885bn, analysts expect selling pressure

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>