- Shell reaffirmed its commitment to Nigeria with investments in the Bonga projects and a $3 billion financing programme for local contractors.
- Shell urged Nigeria to attract investment and embrace innovation to unlock its energy potential.
Shell has reaffirmed its commitment to supporting Nigeria’s energy future through continued investment in deepwater projects and a US$3 billion financing programme designed to strengthen indigenous contractors and accelerate project delivery.
Kun Jiang, General Manager, Development and Subsurface at Shell Nigeria Deepwater, made the commitment while delivering the sponsor’s remarks at the opening of the 49th Nigeria Annual International Conference and Exhibition organised by the Society of Petroleum Engineers (SPE) in Lagos on Monday, August 3, 2026.
Jiang said Shell’s investments in the Bonga North and HI projects reflect the company’s confidence in Nigeria’s deepwater industry. She added that work on the Bonga Southwest project also remains on course.
In addition, Shell Nigeria Exploration and Production Company (SNEPCo) recently launched a $3 billion contract financing programme. The initiative aims to strengthen Nigerian contractors, create more value and speed up project delivery.
Shell also renewed its support for the Society of Petroleum Engineers. The company has backed the professional body for many years as part of its contribution to Nigeria’s oil and gas industry.
Speaking on the conference theme, “Thriving in the Evolving Global Energy Landscape: Collaborative Growth and Resilience,” Jiang said Nigeria still offers strong investment opportunities. She acknowledged geopolitical tensions, supply chain disruptions, market volatility and changing energy trends. However, she said these challenges have not diminished the country’s potential.
According to her, Nigeria has many advantages. These include a population of over 240 million people, abundant natural resources, skilled professionals and growing domestic energy demand. She said these strengths could make Nigeria one of the world’s most attractive energy investment destinations.
However, Jiang stressed that potential alone would not deliver prosperity. She urged stakeholders to turn available resources into lasting economic value through deliberate action.
Furthermore, she called for greater investment, a stronger business environment and wider adoption of technology. She said these steps would help Nigeria compete in the evolving global energy market.
Jiang added that countries combining resilience, innovation and collaboration would lead the future energy industry. She maintained that Nigeria already has the resources, talent and opportunities needed for success. What remains, she said, is the collective determination to seize them.
Meanwhile, Shell has mounted an exhibition at the conference. SNEPCo’s Senior Production Geologist, Abidemi Belgore, is leading regulators and industry stakeholders on guided tours of the stand.
The exhibition highlights technologies that have improved production at the Bonga field. It also showcases innovations supporting the Bonga North project.
Visitors can also explore Shell’s broader operations in Nigeria. These include deepwater oil production, integrated gas, renewable energy, power solutions and social investment programmes across the country.