OML 13 Field
Operated by the Nigerian Petroleum Development Ltd, the $3.15 billion OML 13 field development will significantly expand Nigeria’s crude oil reserves and daily production. Currently in its construction stage, the project has a capacity of 184,333 barrel per day (bpd). OML 13 will increase government’s earnings from energy monetization with the federal government expected to generate $10.2 billion in revenue from the project for 15 years. The project is expected to commence operations in 2023.
Bonga North Field
With a production capacity of 110,000 bpd, the Bonga North deep-water project is expected to be operational by 2025. Operated by Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Bonga North is an expansion of SNEPCo’s existing operations at the Bonga fields which were kickstarted in 2014. The $5 billion project will unlock an estimated 525 million barrels of additional crude oil reserves in the Bonga field following the field reaching a one-billion-barrel milestone in February 2023.
Okpokunou/Tuomo West Cluster Development
As one of Nigeria’s several projects crucial for advancing industrialization on the back of natural gas exploitation, the Okpokunou/Tuomo West Cluster Development is a conventional gas project set to produce 85,000 bpd equivalent of gas for local consumption. Currently in its feasibility phase, the project is set to come online as early as 2024 by SNEPCo.
Located in the shallow waters of Block OML 144, Hi is a conventional gas development which is currently in the front-end engineering design phase. Operated by SNEPCo, Hi is expected to be operational by 2025 with a production capacity of 75,000 bpd.
Discovered in 2004, Preowei is an oil field in development by TotalEnergies E&P Nigeria Limited. Once operational in 2024, the conventional oil project is anticipated to produce 70,000 bpd. The project is expected to produce through 2047.
Currently under construction, HA is a $1.6 billion development in the shallow waters of Nigeria in Block OML 77. Operated by SNEPCo, HA is expected to produce 60,000 bpd of oil and 250 million standard cubic feet per day of gas once operational in 2024.
Gbaran Nodal Compression
An expansion of Gbaran Phase 1 and 2A fields, the Gbaran Nodal Compression initiative includes the installation of gas compression trains to enhance the recovery of reserves in block OML 28. Currently under construction, the project is set to add 60,000 bpd to SNEPCo’s production portfolio in Nigeria. Operations are expected to commence this year.
Currently in its feasibility stage, JK is a conventional oil project located in shallow waters in Block OML 74. Operated by SNEPCo, the project is set to achieve first production of 55,000 bpd in 2026.
A new field under development, HD is in its feasibility stage and is scheduled to enter its operation phase in 2026. Operated by SNEPCo, the project will produce 50,000 bpd of oil.