Middle East Economic Survey


No 49



Shell Starts Oil Production At Nigerias Deepwater Bonga Field

Shell announced on 28 November it had started oil production from its Bonga deepwater oil and gas field, 120km offshore Nigeria.The target is to attain the current nameplate production of 225,000 b/d of oil and 150mn cfd of gas as soon as possible, Shell said. The development cost to first oilfor Bonga was around $3.6bn.Located in Oil Prospecting Licence 212, the 60 sq km...