- Shell reaffirms its commitment to Nigeria’s energy security, highlighting its investments across the upstream, midstream, downstream, and renewable sectors.
- The company calls for improved regulatory frameworks and more decisive action on crude theft and illegal refining to protect Nigeria’s resources and environment.
Shell will continue to support Nigeria’s energy security through its operations across the upstream, midstream, downstream, and renewable sectors, said Osagie Okunbor, Country Chair for Shell Companies in Nigeria and Managing Director of Shell Petroleum Development Company of Nigeria Ltd (SPDC).
Okunbor, who was represented by Gogo Eneyok, Shell’s Exploration Manager, made the remarks during the opening of the 42nd Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE). He emphasised that Shell’s integrated approach across the energy value chain is key to addressing the challenges faced by Nigeria’s energy sector.
In addition to SPDC, Shell’s operations in Nigeria span several key businesses, including Shell Nigeria Exploration and Production Company Limited (SNEPCo), Shell Nigeria Gas (SNG), Daystar Power, All On, and its 25.6% stake in Nigeria Liquefied Natural Gas (NLNG).
Okunbor stressed that Shell is actively collaborating with the Nigerian government, regulators, and other stakeholders to navigate the “energy trilemma” balancing energy security, affordability, and sustainability. “We are focused on generating maximum value and cash flow to support the country’s energy needs,” he said.
He also highlighted Shell’s commitment to sustainability, noting the company’s efforts to bring low and zero-carbon products to market. “Shell is deploying cutting-edge technologies to reduce emissions in our operations, and we are on track to meet our Greenhouse Gas (GHG) reduction targets,” Okunbor added.
Shell Nigeria Gas (SNG) is increasing domestic gas delivery through a 150-kilometre distribution network, while its investments in Daystar Power and All On are providing cleaner, more affordable energy solutions to individuals and communities across the country.
However, Okunbor stressed that for these initiatives to succeed, Nigeria’s regulatory framework must continue to improve, mainly through the Petroleum Industry Act (PIA). He also called for more decisive action to combat the twin challenges of crude theft and illegal refining, which he said pose a significant threat to the nation’s resources and environmental sustainability.
“The government must take decisive action to address these issues to safeguard the country’s oil and gas resources and protect the environment,” he concluded.