Daily Champion
3 March 2011
Nigeria's 2011 budget is to suffer the first shock as projected oil export revenue which formed the basis for the fiscal estimates may fall below expectation following production shut in at the 180, 000 barrels per day Bonga deepwater field.
Operator of the field which started production in 2005, Shell, said yesterday that the floating production, storage and off-take (FPSO) vessel named after the field would be shut down for maintenance.
Shut down of the field, Daily Champion reports, would entail total shut-in of production from the field which has been ramping up output towards the nameplate target of 250, 000 barrels per day (250 kbd).
Shell's deepwater operations subsidiary in Nigeria
The FPSO, the company said in a media statement, has been shut in to allow for the scheduled statutory inspection and maintenance works.
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