Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Shell promises to complete all projects in Nigeria

19 March 2015, 14:49

Abuja - The Shell Petroleum Development Company (SPDC) says it is determined to complete its projects in Nigeria without fear of abandonement, in spite of challenges in its operations.

The Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, said this on Wednesday at a panel session of oil majors at the 15th Nigeria Oil and Gas Forum in Abuja.

The company had in January announced that it would cut global investment spending by 15 billion dollars over the next three years following the collapse in oil prices, causing fears about its projects in Nigeria.

Okunbor, however, said the company was committed to long term projects in Nigeria with improved fiscal terms and better security.

He said the company was keen to see its projects in Nigeria completed in spite of the twin challenges of oil price decline and the very tough fiscal conditions it faced in Nigeria.

Also read: Shell upbeat at Nigeria oil spill ruling

Other oil majors at the session expressed their companies’ commitment to community social responsibilities in their areas of operation.

Others in the session were the Managing Director, ExxonMobil Upstream Nigeria, Nolan O'Neal; Managing Director, Total Upstream Nigeria, Mrs Elizabeth Proust; Senior Vice President and Managing Director, Addax Petroleum Nigeria, Cornelis Zegelaar.

Earlier, the Vice President, Nigeria and Shell Upstream International, Markus Droll, said the company’s projects were intact.

He said the current divestment was primarily aimed at refocusing its portfolio in Nigeria.

Droll said taking a Final Investment Decision (FID) on the world-class Bonga South West Aparo project was one of the deep water investment projects it was currently working on.


Tags shell nigeria

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...