Shell Nigeria Exploration and Production

Shell Nigeria Exploration and Production has begun production at the Bonga Phase 3 project, an expansion of the deepwater Bonga project in Nigeria. Peak production from the expansion is expected to be 50,000 BOEPD, which will be shipped by pipelines to the Bonga floating production, storage, and offloading facility. Shell Nigeria is the operator with a 55% contractor interest under a production sharing contract with the Nigerian National Petroleum Company. The coventurers are Esso Exploration and Production Nigeria (20%), Total E&P Nigeria (12.5%), and Nigerian Agip Exploration (12.5%).