The Bonga oil field, operated by Shell Nigeria Exploration and Production Company (SNEPCo), has produced about 702 million barrels of oil since inauguration in 2005 according to its Managing Director, Bayo Ojulari, The Nation reports.

Ojulari told reporters yesterday in Lagos that the oil field operated at more than 92% availability last year. According to him, the volumes came from the Bonga main field and Bonga Phases 2 and 3 that unlocked the nearby Bonga North West field in August 2014. It has capacity for 65,000 barrels of oil equivalent per day (boepd).

Speaking on the new lease of life of Bonga after a major turnaround maintenance which was completed in April, Ojulari said one of the highpoints of the turnaround was the engagement of about 65 indigenous contractors and subcontractor companies.