Shell, TotalEnergies Target First Oil by 2027 from $5bn Bonga North, $550m Ubeta Fields.
Shell and TotalEnergies plan first oil from Bonga North and Ubeta fields by 2027 to boost Nigeria’s energy output. Multinational oil companies – Shell and TotalEnergies have announced that first oil and gas output from the $5 billion Bonga North field and the $550 million Ubeta gas field are expected to happen by 2027, barring any unforeseen circumstances.
The two oil majors are also aggressively progressing towards bringing more projects to development phase, with Shell Nigeria Exploration and Production Company Limited (SNEPCo) saying that its Bonga Southwest-Aparo field was exceptionally closed to FID while HI gas field was also progressing towards approval for takeoff.
On the other hand, TotalEnergies EP Nigeria Limited anticipates signing the FID on IMA project in 2026, while its recently discovered field, Ntokon is also in discussion for commencement of execution in the coming years.
However, the operators are accelerating the execution schedule of their ongoing projects to get first production earlier to support the county’s target of raising oil production to 3 million barrels per day (bpd) and gas output to 12 billion cubic feet per day (12bcf/d) by 2030.
Country Chair of TotalEnergies in Nigeria, Matthieu Bouyer, and Managing Director of SNEPCo, Ronald Adams, made the announcements in their separate interventions during a high-level panel session at the just-concluded Nigerian Oil and Gas (NOG) Energy Week 2025 in Abuja.
Source: Arisetv