Fossil Energy – Subsea Production System
TechnipFMC has secured a contract with Shell Nigeria Exploration and Production Company to supply its Subsea 2.0 production systems for the Bonga North development offshore Nigeria.
The contract, valued between $250 million and $500 million, covers the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services.
Shell recently made a final investment decision (FID) on deepwater Bonga North development, which will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which the company operates with a 55% interest.
Bonga North currently has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent (boe) and will reach a peak production of 110,000 barrels of oil a day, with first oil anticipated by the end of the decade.
