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Home Economy/Technology

Shell commits to doing business in Nigeria’s energy sector

Shell

The Matters Press by The Matters Press
February 12, 2024
Reading Time: 1 min read
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Bayelsa state wants more investment from Shell

Yenagoa, Feb. 12, 2024: Shell Companies in Nigeria (SCiN) says it remained committed doing business in the Nigeria energy sector in spite of proposed sale of its onshore assets.

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Shell United Kingdom had on Jan. 15 announced that it had agreed to sell its Nigerian onshore oil assets to Renaissance, a consortium of four Nigerian companies and one foreign energy firm for 2.4 billion dollars.

A spokesperson for Shell Companies in Nigeria, Mrs Bola Essien-Nelson on Sunday said the companies restated its commitment during a visit to the Nigerian Content Development and Monitoring Board (NCDMB).

“The Country Chair, Shell Companies in Nigeria and Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC), Dr. Osagie Okunbor, led a delegation to NCDMB.

“The delegation which included the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Mrs. Elohor Aiboni, were on a courtesy visit to the newly appointed Executive Secretary of the NCDMB, Felix Ogbe.

Okunbor congratulated the NCDMB Executive Secretary, Ogbe reiterated the commitment of SCiN to remain a long-term partner of Nigeria, supporting the country’s growing energy needs and export ambitions in areas that are aligned with SCiN strategy and where Shell has differentiated capability, she said.

Okunbor stated that SCiN is keen on its continued collaboration with NCDMB to deliver on its mandate and requires the Board’s expeditious approvals and support to deliver on projects that include Bonga North, HI, HA, and Bonga South-West Aparo.

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