Economy
Nigeria’s oil production rises by another 255,000 bpd
The Bonga Floating Production Storage and Offloading (FPSO) vessel
…as Shell completes turnaround maintenance of Bonga FPSO
Nigeria is to produce additional 225,000 barrels per day of crude oil with the completion of Turnaround Maintenance, (TAM) on Shell Nigeria Exploration and Production Company Limited’s Bonga Floating Production Storage and Offloading (FPSO).
The FPSO was shut down on October 18, 2022, due to the statutory inspections, recertifications and other critical asset integrity restoration activities.
Speaking on the development, the company confirmed that the TAM was completed on November 9, 2022, adding the commissioning and start-up activities are currently in progress.
“SNEPCo is pleased to announce that the 2022 TAM of the Bonga floating production storage and offloading vessel (FPSO) has been completed.
“The 225,000 bpd capacity FPSO was shut down on October 18, 2022, to carry out statutory inspections, recertifications and other critical asset integrity restoration activities.
“The 2022 TAM which was originally planned for 30 days was completed in 22 days on November 9, 2022, thanks to the excellent front-end planning and flawless execution.
“Commissioning and start-up activities are in progress and will culminate in ramp up of oil and gas production in the coming days.”
Meanwhile, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that Nigeria’s average oil output, including condensate, dropped Year-on-Year by 7.4 per cent to 1.37 million barrels per day in the first 10 months (January – October) 2022, from 1.48 mb/d in the corresponding period of 2021.
This showed a shortfall of 317,940 barrels when juxtaposed against the 1.69 mb/d, which the 2023 budget was based on at $70 per barrel.