Shell Nigeria
Shell Nigeria has pledged its full support for Nigeria’s ongoing oil and gas industry reforms, lauding them as a strategic move to enhance growth, profitability, and investment opportunities in the sector.
Speaking at a dinner during the Nigeria International Energy Summit (NIES) in Abuja on February 26, 2025, Shell’s Senior Vice President Nigeria, Marno de Jong, commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its efforts in boosting crude oil production.
“We welcome the reforms by the NUPRC, which have already improved crude oil production to about 1.75 million barrels per day, as reported by the agency,” de Jong stated.
He emphasized that sustained reforms would further increase production, enhance returns across the value chain, and strengthen industry stability. Shell, he added, remains committed to supporting these initiatives as part of its over 60-year legacy in Nigeria.
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The Petroleum Industry Act (PIA) of 2021 has been a key driver of recent reforms, with the NUPRC focusing on increasing production, optimizing costs, and fostering stability in host communities. These initiatives have not only improved efficiency but also attracted significant investments.
“Beyond boosting production, the reforms are also drawing investments, as seen in our $5 billion Bonga North deep-water project final investment decision (FID) last year,” de Jong noted.
He further highlighted Nigeria’s competitive landscape in securing global energy investments, stressing the importance of technology, cost efficiency, and skilled manpower in sustaining growth.
“To remain attractive to investors, Nigeria must continuously refine its strategies and policies, leveraging key enablers to ensure business sustainability for both international oil companies and independent producers,” he added.
With Shell’s continued backing and the Nigerian government’s commitment to reforms, the oil and gas sector is poised for a more stable, profitable, and investment-friendly future.
