Shell’s $5bn Bonga Field, Iseyi Mega Gas Project To Reposition Energy Landscape

The chairman of Shell Companies in Nigeria and managing director, Shell Petroleum Development of Nigeria Ltd (SPDC)  Osagie Okunbor, said its key oil and gas projects, upon their completion, would reposition Nigeria’s oil and gas industry.

Okunbor, who was reacting as Shell Nigeria on Tuesday won the Best Upstream Company 2024 award at the Nigerian International Energy Summit (NIES)  said, the NIES award is also a celebration of our commitment to Nigeria’s future through our latest investments.

He listed the projects to include the construction of a facility at Iseni, Bayelsa State to supply 100 million standard cubic feet of gas per day (MMScF/d) to the Dangote Fertiliser and Petrochemical Plant in Lekki, Lagos State and the Final Investment Decision (FID) by SNEPCo on the Bonga North deep-water project valued at $5 billion.

Under the projects, he declared that, ‘our partnership with Nigeria remains strong and focused.’

The award, received by Senior Vice President, Nigeria Marno de Jong celebrates the contributions of Shell companies in Nigeria, especially The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company (SNEPCo) who pioneered oil production onshore and offshore respectively.

‘We’re pleased at the recognition of our efforts in the Upstream sector in Nigeria,’ Marno said ,while commenting on the award. “We’re grateful to our partners, particularly the Nigerian National Petroleum Company Limited, regulatory Agencies, host communities and other stakeholders for their support in our operations. We’ll like to rely on their co-operation as we continue to power progress in Nigeria,” he added.

The achievements of Shell companies have launched Nigeria into the league of oil producing nations. SPDC achieved the first oil export in Nigeria in 1958 while SNEPCo began production at Bonga, Nigeria’s first deep-water well in 2005.

Over the years, the operations of these and other Shell companies have not only contributed to the national purse to finance development but  provided Nigerians the chance to acquire vital skills in the oil industry and enabled indigenous businesses to grow their capacity. A robust social investment portfolio has also improved lives in Nigeria’s six geopolitical zones

Late last year, the Nigerian Gas Association (NGA) and the Petroleum Technology Association of Nigeria (PETAN) honoured Shell Companies in Nigeria for their contributions to the development of gas resources and Nigerian content.