Shell Nigeria oil production increased by 10% in 2017: New report

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A new report has indicated that Shell Nigeria’s oil production increased by 10% in the year 2017. This is mainly due to resumption of activities on the Forcados terminal after months of closure.

According to data released Tuesday, Shell Nigeria’s oil production averaged 631,000 b/d of oil equivalent in 2017, bolstered by output from onshore and shallow water assets, Platts reports.

Production was up 10% on the year after the restart of the Forcados export terminal following several months of outage due to sabotage attack by Niger Delta militants. Output from Shell-operated fields averaged 464,000 boe/d while production from offshore and deepwater fields managed by Shell Nigeria Exploration and Production Company Limited (SNEPCo), averaged 167,000 boe/d, the company said.

But Shell warned that security challenges in Nigeria’s main oil producing Niger Delta region, remained a major concern. Shell said its 225,000 b/d capacity Bonga deepwater field operated at more than 83% of its capacity in 2017, lower that the 90% capacity utilization achieved in 2016, “due to a major turnaround maintenance in March and April (2017).”

 

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