24 May 2017, Sweetcrude, Lagos – Shell-operated ventures in Nigeria recorded an output of some 572,000 barrels of oil equivalent per day in 2016, Mr. Osagie Okunbor, Country Chair, Shell Companies in Nigeria, said in Lagos.
Revealing this figure and other statistics in a review of Shell operations in Nigeria for 2016, Okunbor, who is also the Managing Director of the Shell Petroleum Development Company of Nigeria, SPDC, said Shell remains strongly committed to the development of Nigeria.
He disclosed that Shell-operated joint venture contributed $29 billion to the Nigerian purse between 2012 and 2016 and that royalties and corporate taxes paid by Shell Companies in Nigeria to the Federal Government came to $1.4 billion. Of this amount, SPDC paid $1.0 billion and Shell Nigeria Exploration and Production Company, SNEPCo, $0.4 billion.
“Shell has been operating in Nigeria for more than 50 years,” he said.
“And it is not by chance that we have remained deeply committed to the development of Nigeria, her people, and her economy by efficiently and responsibly producing oil and gas in onshore and offshore as well as distributing gas to industries and producing liquefied natural gas for export.”
Mr. Okunbor said the determination of Shell to support the monetisation of the nation’s huge gas resources led it to establish Shell Nigeria Gas in 1998, which now supplies gas to about 90 industrial customers in Ogun, Rivers and Abia states.