UK-headquartered energy technology provider TechnipFMC has secured a contract with Shell to deliver subsea production systems for a deepwater oil and gas project off the coast of Nigeria for which the final investment decision (FID) was reported earlier today.
As part of the contract with Shell Nigeria Exploration and Production Company Limited (SNEPCo), TechnipFMC will supply Subsea 2.0 production systems for the Bonga North development in Nigeria.
Defined as substantial, meaning it is worth between $250 million and $500 million, the contract covers the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services.
Jonathan Landes , President of Subsea at TechnipFMC, said: “Shell was the first to adopt our Subsea 2.0 configure-to-order solution, and continues to deploy it across multiple basins—underscoring its commitment to the technology globally. This award further positions us for future deepwater opportunities in the region.”
The award will be included in TechnipFMC’s inbound orders in the fourth quarter of 2024.
With water depths exceeding 1,000 meters, Bonga North will be tied back to the Shell-operated FPSO Bonga in OML 118, where production began in 2005. The FPSO, which can produce 225,000 barrels of oil per day, reached a production milestone in 2023 thanks to its one-billionth barrel of crude oil.
According to Shell, the project encompasses the drilling, completion, and start-up of 16 wells, of which half are production ones and the remaining half water injection wells, modifications to the existing FPSO Bonga Main, and the installation of new subsea hardware tied back to the unit for which Akselos provided a structural digital twin in 2020.
It was earlier today reported that the FID had been made for Bonga North.