SHELL COMMITS TO NIGERIA’S ENERGY FUTURE, PLEDGES CONTINUED INVESTMENT
PHOTO CAPTION: RONALD ADAMS MD [SNEPCO]
GREATRIBUNETVNEWS–Shell has reaffirmed its commitment to Nigeria’s energy sector, pledging to explore investment opportunities as the country aims to achieve energy abundance. Speaking at the 2025 Nigeria Oil and Gas Conference, Ronald Adams, Managing Director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), highlighted the company’s growing presence in Nigeria.
THIS POST IS SPONSORED BY SHELL NIGERIA
Key Highlights:
– Investment Plans: Shell’s expansion of its stake in the Bonga field and consideration of several other projects, including Bonga North, Bonga Southwest, and HI, demonstrate its confidence in Nigeria’s energy future.
– Vote of Confidence: Adams emphasized that these investments reflect Shell’s commitment to Nigeria’s energy ambitions and its role in driving the country’s economic growth.
– Future Developments: While specific timelines for Final Investment Decisions (FIDs) on projects like HI were not disclosed, Shell’s continued investment signals a positive outlook for Nigeria’s energy sector
Discussions at the panel session were based on the theme, “Pragmatically Achieving Energy Abundance,” and featured chief executives of oil companies and government functionaries who proposed steps towards achieving energy sufficiency as Nigeria targets net-zero emissions from fossil fuel by 2050.
Adams said SNEPCo would build on its contributions to energy abundance by becoming more efficient and improve value across the value chain by working closely with the Nigerian Upstream Investment Management Services (NUIMS) and other stakeholders. “There is a requirement for us to push the envelope. We cannot rest on our oars,” he said.
He explained that Nigeria can achieve the ambition of net-zero emissions and at the same time provide cost-effective and efficient energy for a rising population by optimizing investments in hydrocarbon energy sources and quick renewable opportunities.
On the efforts of Shell towards net-zero emissions, the Managing Director said the company’s refreshed Powering Progress strategy aims to accelerate the transition “purposefully and profitably to low-carbon businesses by the early 2030s.”
He added: “It is important that government continues to support these efforts and those of other industry players through the right polices and creation of a conducive environment for businesses to thrive.”
