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Business News of Sunday, 4 September 2022

Source: guardian.ng

NAPIMS lauds Shell’s 225,000bpd Bonga facility

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The National Petroleum Investment Management Services (NAPIMS) has described the deep-water operations of Shell Nigeria Exploration and Production Company Limited (SNEPCo) as best in class.

The Group General Manager of NAPIMS, the investment arm of the Nigerian National Petroleum Company Limited (NNPC), Bala Wunti, gave this commendation when he led his leadership team on an inspection of the SNEPCo-operated Bonga Floating, Production, Storage and Offloading (FPSO) vessel.

Wunti said: “One of the best companies on planet earth is called Shell,” adding that NAPIMS would support the enhancement of accommodation provision for SNEPCo’s offshore personnel to reduce the time for the planned Turn Around Maintenance of the 225,000 barrels per day capacity vessel. This, he said, would reduce the production shutdown period.

He observed that, “across the industry in Nigeria, there is a challenge of persons on board on FPSOs which impacts speed of execution.”

According to Wunti, there was a commendable alignment between Bonga operations and NNPC’s key values of safety, speed of execution, compliance and excellence.

“Since there is alignment on these values, it should be easy at the leadership level to align quickly on the ‘What’ and ‘Why’ even if there may be differences of opinion on the ‘How’” he said.

He encouraged SNEPCo to remain open to technical suggestions from NNPC for greater collaboration and improved performance, saying: “When these suggestions come, SNEPCo should take it, test it and if it doesn’t work, thrash it afterwards.”

Impressed with the very low flare in Bonga operations, Wunti advised further improvement in operations to achieve zero flare, noting that NNPC placed top priority on ISO certification, equipment inspections, disciplined execution and cost excellence.

SNEPCo’s Managing Director, Mrs. Elohor Aiboni, who conducted the NAPIMS team round the facility, said SNEPCo’s continuous improvement focus had helped to sustain high performance level for Bonga, Nigeria’s first deep offshore vessel.

“We are building a safe, simpler and cost-disciplined deep-water business that brings value to our partners, shareholders and Nigeria which remains a heartland for Shell,” Aiboni said.

SNEPCo pioneered Nigeria’s deep-water oil and gas production at Bonga, a project that increased Nigeria’s oil capacity by 10 per cent when it began producing in 2005. Bonga is located 120km offshore and lies in water more than 1,000 metres deep across an area of 60 square kilometres. It has the capacity to produce more than 200,000 barrels of oil a day and 150 million standard cubic feet of gas a day.