RDSA Shell Plc

   By Obafemi Oredein 
 

IBADAN, Nigeria--Royal Dutch Shell PLC's (RDSA, RDSA.LN) Nigerian unit said Thursday that it has invited contractors to tender for the development of the Bonga South West Aparo oil field in Nigeria.

In a statement, Bayo Ojulari, managing director of Shell Nigeria Exploration and Production Company, or SNEPCo, said the project's initial phase includes a new Floating, Production, Storage and Offloading vessel, more than 20 deep-water wells and related subsea infrastructure.

The field lies across Oil Mining Leases 118, 132 and 140, about 15 kilometers southwest of the existing Bonga main FPSO.

Mr. Ojulari said the invitation to tender is for engineering, procurement and construction for the 150,000 barrels per day project in the Gulf of Guinea.

He said SNEPCo has concluded OML 118 negotiations with the Nigerian National Petroleum Corporation, adding, "We now have a clear commercial framework, supported by the government and project investors, toward a potential Bonga South West Aparo Final Investment Decision, or FID,"

Mr. Ojulari described the conclusion of the commercial framework as a key milestone for the project and the development of Nigeria's deep-water oil and gas industry.

"The new framework marks the start of the second generation of deep-offshore exploration and development, not just for SNEPCo but for all players in Nigeria's deep-water. This is a model that we see being replicated in the industry to further unleash Nigeria's potential in deep-water exploration," said Mr. Ojulari.

Shell's first deep-water Bonga field in Nigeria started production in 2005 with potential to produce 225,000 barrels of crude oil and 210 million standard cubic feet of gas per day.

The Bonga South West Aparo field project cost was not disclosed.

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(END) Dow Jones Newswires

February 14, 2019 15:54 ET (20:54 GMT)

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