Shell’s Bonga halt prolonged: minister
Nigeria Shell Bonga
Discussing the ramp up of Nigerian oil production in an interview with Bloomberg Television from Washington, Kachikwu said the work at Bonga would be completed in July and would be preceded by the finalisation of repairs on the Forcados pipeline.
While no specific date for the conclusion of maintenance work was given upon the announcement of the production halt in March, a Shell spokesperson at the time said the company was aiming to resume operations in April.
On the topic of oil prices, the minister noted that an en extension of the <a href=’https://theenergyyear.com/companies-institutions/opec/’>OPEC production was increasingly likely. “There’s a lot of energy around a six-month extension,” Kachikwu said, adding that no other alternative.
Recent Posts
Seatrium wins MODEC contract for Guyana-bound FPSO
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More