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Stock impact report

Shell Announces FID in Bonga North Project to Sustain Oil Production [Yahoo! Finance]

Suncor Energy Inc. (SU) 
Last suncor energy inc. earnings: 2/5 07:15 pm Check Earnings Report
US:NYSE Investor Relations: suncor.com/investor-centre
Company Research Source: Yahoo! Finance
Shell plc's SHEL subsidiary, Shell Nigeria Exploration and Production Company (SNEPCo), announces a significant final investment decision (FID) in Bonga North, a deep-water project off the coast of Nigeria. The project is a subsea tie-back to an existing Bonga Floating Production Storage and Offloading (FPSO) facility, which is operated by SHEL. An Insight Into SHEL's Bonga North Project Bonga is a deep-water development located at water depths of more than 1,000 meters. The original Bonga FPSO has been in production since 2005 with a capacity of around 225,000 barrels of oil per day. The Bonga North project involves the drilling and completion of about 16 wells. Out of which, eight will be production wells and the remaining eight will serve water injection purposes. Under the project, the company will also enhance the existing main FPSO along with the installation of new subsea hardware. With an estimated recoverable resource volume of more than 300 million barrels of oil eq Show less Read more
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