Shell has reiterated its strong commitment to investing in Nigeria, with a particular focus on aligning its strategies with the country's ambition to achieve energy abundance. This commitment was highlighted during a panel session at the 2025 Nigeria Oil and Gas Conference in Abuja. Ronald Adams, Managing Director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), underscored Shell's confidence in Nigeria's future by referencing the expansion of its stake in the Bonga field, the Final Investment Decision (FID) on Bonga North, and the consideration of several other projects, including Bonga Southwest and HI. While Adams affirmed these plans, he refrained from providing specific timelines for FIDs, including that for HI.

The panel session, aptly themed “Pragmatically Achieving Energy Abundance,” gathered prominent chief executives from oil companies and government officials. Discussions revolved around actionable steps necessary for Nigeria to attain energy sufficiency, especially as the nation aims for net-zero emissions from fossil fuels by 2050. Adams emphasized SNEPCo's dedication to enhancing its contributions to energy abundance through increased efficiency and improved value across its entire value chain. This goal, he noted, would be achieved by fostering close collaboration with the Nigerian Upstream Investment Management Services (NUIMS) and other relevant stakeholders. He stressed the imperative to “push the envelope” and avoid complacency.

Adams further elaborated that Nigeria has the potential to achieve its net-zero emissions target and simultaneously provide cost-effective and efficient energy for its growing population. This dual objective can be realized through the strategic optimization of investments in existing hydrocarbon energy sources, coupled with the swift embrace of renewable energy opportunities. Addressing Shell’s broader efforts towards global net-zero emissions, the managing director outlined the company's refreshed “Powering Progress” strategy. This strategy is designed to accelerate Shell's transition “purposefully and profitably to low-carbon businesses by the early 2030s.” He concluded by emphasizing the critical need for continued government support, through appropriate policies and the creation of a conducive business environment, to enable these efforts and facilitate the success of other industry players.