Radar · Projects to watch · 17 / 29
Bonga North deepwater tieback
A ~US$5 bn subsea tieback — 16 wells, new risers, flowlines and umbilicals, FPSO modifications — in execution from 2025 towards first oil around 2030.
Subsea tie-back · Nigeria (Africa) · every fact below is as reported by the linked sources, checked by hand on 2026-10-08.
- Size
- 16 wells; up to 110,000 b/d through the Bonga FPSO
- Operator / developer
- Shell Nigeria Exploration and Production Company (SNEPCo)
- Phase, as reported
- execution — engineering, fabrication and installation of subsea infrastructure; FPSO modifications
- Checked on
- 2026-10-08
Phase track steps named in the reported phase are marked
- FID
- Engineering
- Fabrication
- Construction
- Installation
- Commissioning
Who builds it as stated by the sources
- Shell (SNEPCo) — operator 65% of OML 118; partners Esso E&P Nigeria 20% and Nigerian Agip Exploration 15% (after TotalEnergies' exit, completed November 2025)
- Saipem — leader of consortium (with KOA Oil & Gas and AVEON Offshore) for EPCI of risers, flowlines, subsea umbilicals and associated subsea structures; ~US$1 bn total, Saipem share ~US$900 m (Dec 2024)
- TechnipFMC — Subsea 2.0 production systems — design and manufacture of subsea trees, manifolds, jumpers, controls and services; 'substantial' award (US$250–500 m), Dec 2024
Reported risk as reported, as of 2026-10-08
First oil is reported around 2030; project cost cited by trade press at ~US$5 bn.
Key dates as stated by the sources
- FID
- December 2024
- Epci awards
- December 2024
- First oil target
- by end of the decade (2030 per NS Energy)
Disciplines likely needed our inference
- subsea/SURF engineers
- pipeline and riser installation engineers
- FPSO brownfield modification engineers
- subsea controls/commissioning
- project controls and QA/QC
Our inference from project kind and phase — not stated by the sources below.
Sources checked on 2026-10-08
- Saipem leading Bonga North subsea construction offshore NigeriaOffshore Magazine · published 2024-12-19 · retrieved 2026-09-22
- Saipem Scoops $900M for Work with Shell Off NigeriaOE Digital · published 2024-12-19 · retrieved 2026-09-22
- Bonga North Deepwater Project, NigeriaNS Energy · published 2025-01-17 · retrieved 2026-09-22
- TotalEnergies completes divestment of 12.5% Bonga field stake in Nigeria for $510 millionWorld Oil · published 2025-11-25 · retrieved 2026-10-08
- Shell ups equity in Nigeria's Bonga field as TotalEnergies divestsThe Energy Year · published 2025-11-27 · retrieved 2026-10-08
Position on our globe: 4.60°N 4.70°E. Location approximate: OML 118, ~120–130 km offshore Nigeria, water depth >1,000 m; tieback to the existing Bonga FPSO.