Shell

 
#33 Shell Nigeria
BSM Index55.99
 YoY –
CEO Osagie Okubor
Year Founded (in Nigeria) 1937
Websitewww.shell.com.ng
Head Office

Freeman House 21/22 Marina Lagos, PMB 2418 Nigeria

NationalityNetherland
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Shell Nigeria is the common name for Royal Dutch Shell’s, one of the world’s leading energy companies that plays a key role in helping to meet the world’s growing energy demand in economically, environmentally and socially responsible ways. Shell has a history of over 50 years in Nigeria and the largest footprint of all the international oil and gas companies operating in the country.

It is the largest fossil fuel company in Nigeria, which operates over 6,000 kilometres (3,700 mi) of pipelines and flowlines, 87 flowstations, 8 natural gas plants and more than 1,000 producing wells. SPDC’s role in the Shell Nigeria family is typically confined to the physical production and extraction of petroleum. It is an operator of the joint venture, which composed of Nigerian National Petroleum Corporation, NNPC (55%), Shell (30%), Total S.A. (10%) and Eni (5%). Until recently, it operated largely onshore on dry land or in the mangrove swamp.

Shell Nigeria Exploration and Production Company (SNEPCO) operates the Bonga field, Nigeria’s first deepwater oil discovery. The Bonga facility has the capacity to produce more than 200,000 barrels per day of oil and 150 MM standard cubic feet of gas per day.

Shell Nigeria Gas (SNG) is the only international oil and gas company to set up a gas distribution company in Nigeria to supply industrial customers.

Nigeria LNG (NLNG) is a joint venture incorporated in 1989 to produce LNG and natural gas liquids for export. It was Nigeria’s first LNG project. Shell holds a 25.6% share, together with NNPC (49%), Total (15%) and ENI (10.4%).

This brand has been active in Nigeria since 1937.Its companies and investments have played a pioneering role in onshore, shallow and deep water oil exploration and production. Shell has also been at the forefront of gas development, producing and delivering gas to domestic consumers and export markets for several decades.

Shell activities are carried out via its companies and Joint Ventures (JVs) with both government and privately owned companies.

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Royal Dutch Shell, one of the world leading energy company, commonly known as Shell in NIgeria plays a key role in helping to meet the world’s growing energy demand in economically, environmentally and socially responsible ways. Nigerian operations are carried out through four subsidiaries—primarily Shell Petroleum Development Company of Nigeria Limited (SPDC). Royal Dutch Shell’s joint ventures account for more than 21% of Nigeria’s total petroleum production (629,000 barrels per day (100,000 m3/d) (bpd) in 2009) from more than eighty fields
Shell is the largest fossil fuel company in Nigeria, which operates over 6,000 kilometres (3,700 mi) of pipelines and flowlines, 87 flowstations, 8 natural gas plants and more than 1,000 producing wells. In Nigeria, the Shell operated companies SPDC, SNEPCo and SNG employ more than 6000 direct employees and contractors of which over 90% are Nigerians.
This oldest energy company in Nigeria has a long term and continuing commitment to the country, its people and the economy. Today Shell companies in Nigeria produce oil and gas from land and swamps in the Niger Delta and from deep-water reserves some 120 kilometres off the coast. Shell also operates Nigeria’s largest liquefied natural gas (LNG) plant, which exports all over the world.
Shell’s business activities in Nigeria includes
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%), SPDC (30%), TEPGN (10%) and NAOC (5%).
Shell Nigeria Gas (SNG) is the only international oil and gas company to set up a gas distribution company in Nigeria to supply industry customers.
Shell Nigeria Exploration and Production Company (SNEPCO) operates the Bonga, Nigeria’s first deepwater oil discovery. The Bonga facility has the capacity to produce more than 200,000 barrels per day of oil and 150 MM standard cubic feet of gas per day.
The largest contribution by Shell companies in Nigeria is through the taxes and royalties, the energy produce as well as commitment to supporting and finance community development initiatives in the host communities.
The joint venture operated by The Shell Petroleum Development Company of Nigeria Limited (SPDC) has contributed about $42 billion to the government between 2008–2012
The Shell Nigeria Exploration and Production Company of Nigeria Limited (SNEPCo) – which operates the offshore business in deep water – has paid about $6 billion in tax and royalties over the last five years.
In addition to generating revenue, Shell companies in Nigeria actively promote projects in the immediate operations area of the Niger Delta that support small businesses, agriculture, training, education, health care and capacity building. Much of this is done in partnership with the government and the Niger Delta Development Commission (a government agency focused on developing the area).
In 2012, Shell operations contributed $178 million (Shell share $59.8 million) to the Commission, statutorily.
An additional $103 million (Shell share $68 million) was directly invested by SPDC and SNEPCo towards addressing social and economic development challenges in the region.
Shell also pays a share of its profits into government’s education fund for the rehabilitation, restoration and consolidation of education in Nigeria.

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