Nigeria has enormous untapped potential to help meet its own and the world’s growing energy needs, as well as use its energy revenues to reduce poverty. We are determined to help.
Nigeria’s challenges are familiar: widespread poverty; an ongoing battle with corruption and neglect; and the rise of organised crime and armed militias in the Niger Delta, fuelled by large-scale thefts of crude oil, that since early 2006 have made it unsafe to produce in large parts of the region.
did you know
Nigeria produces 3% of the world’s oil, and large fields still remain to be developed. Energy production, concentrated in and off the coast of the Niger Delta, provides 80% of government revenues.
Nigeria is the most populous country in Africa. Half the population lives on less than $1 per day.
WHAT IS IT?
Shell’s main activities are through:
The Shell Petroleum Development Company of Nigeria Ltd (SPDC):
- Operates Nigeria’s largest oil and gas joint venture on behalf of: government-owned Nigerian National Petroleum Corporation (55%), Shell (30%), Total (10%) and Agip (5%).
- At full operation, joint venture produces approximately 40% of the country’s oil from over 1,000 onshore wells in the Niger Delta, an area the size of England. Since spring 2006, approximately 50% of its production has been shut in because of attacks on installations and kidnappings.
Shell Nigeria Exploration & Production Company Ltd (SNEPCO):
- Operates and is 55% shareholder in the offshore Bonga oil field, Nigeria’s first deep-water project as well as other fields.
Nigeria Liquefied Natural Gas Company Ltd (NLNG):
- Joint venture (Shell 26%) producing 8% of the world’s LNG from natural gas produced by Shell and others in the Delta and offshore.
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