The Bonga field is located within the OLM118 production sharing contract (PSC) offshore Nigeria, around 120 kilometers to the south of the Niger Delta. OLM118 Production Sharing Contract.

It contains the Bonga field, which began production in 2005, and the Bonga North field, currently under development since 2024. The agreement will increase Shell's interest in the field to 67.5% ...

Located deep offshore at 120 km south of the Niger Delta in Nigeria, it contains the Bonga field, which started production in 2005, as well as the Bonga North field, the development of which ...

Standard Chartered has acted as the exclusive financial adviser to TotalEnergies on the transaction, coordinating a competitive sale process and advising on all aspects of the transaction.The bank ...

The field produced its one-billionth barrel of crude oil in 2023, and in December 2024, SNEPCo made a positive financial investment decision to develop Bonga North field via subsea tieback.

Shell and TotalEnergies are accelerating investments in Nigeria, targeting 2027 for major oil and gas production boosts from the Bonga North and Ubeta fields.

Shell agreed to buy French oil major TotalEnergies' stake in an oil field offshore Nigeria for $510 million, increasing its interest in the country's deep-water Bonga field.

OML 122 is located 25-60 km offshore in water depths of 40-300 meters and covers an area of 1,295 sq. km on the Western Niger Delta, east of Shell's giant Bonga Field (estimated 1.4 billion ...

The Bonga field is located within the OLM118 production sharing contract (PSC) offshore Nigeria, around 120 kilometers to the south of the Niger Delta. OLM118 Production Sharing Contract.