SNEPCo

Shell Nigeria Exploration and Production Company Limited (SNEPCo) was incorporated in 1993 to develop Nigeria’s deep-water oil and gas resources. SNEPCo holds interests in four deep water blocks, two of which it operates: OPL 118 (Bonga) and OPL 135 (Bolia). SNEPCo has 50% interest in the Zabazaba/Etan deep-water project operated by Agip and a 43.75% interest in Erha deep-water project operated by Esso Exploration and Production (Deepwater) Limited.

SNEPCo pioneered the country’s deep-water oil and gas production at Bonga, a project that increased Nigeria’s oil capacity by 10% when it began producing in 2005. The Bonga Floating, Production, Storage and Offloading vessel is at the heart of the field’s development.

Bonga also supplies gas to the Nigeria Liquefied Natural Gas Company Limited at Bonny Island. In addition to operating Bonga, SNEPCo is the majority venture partner with 55% interest. Its venture partners are Esso Exploration and Production (Deepwater Ltd)–Exxon (20%), Total E&P Nigeria Ltd – Total (12.5%) and Nigerian Agip Exploration Ltd – ENI (12.5%).

SNEPCo’s operations led to other discoveries like the Bonga Southwest in 2001 and Bonga North West which came on stream on August 5, 2014. Bonga produced the 1 billionth of oil in February 2023.