Note to Editor
SNEPCo pioneered deep offshore exploration in Nigeria with the launch of its 225,000 barrels per day capacity Bonga FPSO in 2005, a development which increased Nigeria’s oil production by 10 percent at the time and stimulated the growth of relevant support industry. Drawing on Shell’s global deep-water expertise as well as its Nigerian engineers and technicians, SNEPCo has consistently delivered safe, world-class and economically viable projects that provide jobs and training for Nigerians, and opportunities for local contractors.
The company, with over 95 percent Nigerian staff, helped create the first generation of Nigerian deep-water oil and gas engineers and recently celebrated the 800 million barrel mark in 13 years of operations.
In recognition of its pioneering initiatives in Nigeria, SNEPCo was in early 2018 honoured as the best Nigerian oil and gas company in technology and innovation at the maiden edition of the Nigerian International Petroleum Summit (NIPS) held in Abuja for pioneering in-country Subsea Tree Refurbishment, a remarkable feat in local capacity potential which resulted in significant savings. This was the first time in the Nigerian oil and gas industry that a Subsea Tree was fully stripped down and refurbished locally with all its original functionality restored.
The FPSO vessel’s capacity was upgraded in recent years, allowing SNEPCo to expand 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.
SNEPCo operates OML 118 under a production sharing contract with NNPC. The co-venture partners in OML 118 are Total E & P Nigerian Limited, Nigerian Agip Exploration Limited and Esso Exploration and Production Nigeria (Deepwater) Limited.
Media Relations Manager
February 14, 2019
Softphone: +234 807 022 8045
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