ADS1

Total Pageviews

Tuesday 7 March 2017

Latest News as Shell Shuts Bonga oil Field

Report reaching us as Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced the shutdown of its Bonga oil field, for necessary maintenance.


According to report this singular action by Shell has cut Nigeria’s daily oil production levels from 2.1 million barrels to 1.875 million barrels.

Bamidele Odugbesan, Shell’s spokesperson in Nigeria, said the shutdown was for turnaround maintenance of the oil field.

“SNEPCo has commenced turnaround maintenance at Bonga, executing statutory activities that will ensure continuous optimum operations at the deepwater field which began producing in November 2005,” the statement read.

“Production from the field was shut down on March 4, 2017, and is expected to resume at the conclusion of the exercise next month. This is the fourth turnaround maintenance since Bonga began production.”

Earlier, Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), said Nigeria was clearly on its way to budgetary target of 2.2 million barrels per day.

“Crude production has steadily increased to 2.1m b/d due to some strategic dialogue efforts embarked upon by the federal government in the Niger Delta,” Baru had said on February 28.

With the maintenance at the Bonga field, Nigeria’s oil revenue may dip by nearly 10 percent, and the country may have to deal with some budgetary shortfall.

At 1.875 million barrels per day, Nigeria still maintains its spot as Africa’s largest oil producer.

No comments :

Post a Comment

Disclaimer: All the comments on this blog are the personal opinions of those who have comment it (commentators)

--------------------------------------------------------------------------------------------

Advertise with us: TEL: +2348063141927 E-mail: enyinnayaemma@gmail.com

-------------------------------------------------------------------------------------

Send us your Articles, Stories, News update, jokes..Tip-off
To enyinnayaemma@gmail.com

-------------------------------------------------------------------------------------

PLEASE DO VISIT OUR ONLINE PREMIUM NEWSPAPER SITE via www.mynationnews.com


---------------------------------------------------------------------------

READ EDUCATION NEWS via
www.nigerianedu.com
-----------------------------------------------------------------------------

Visit Our Tech Blog via www.ideasflame.com

Note: only a member of this blog may post a comment.

ADVERTISEMENT

ADS

ShareThis

LinkWithin

Related Posts Plugin for WordPress, Blogger...

Nigerian Education Updates