Shell pledges support for energy sufficiency in Nigeria
Shell has said that it would continue to explore opportunities to invest in Nigeria as the country aims to achieve energy abundance. Speaking at a panel session at the 2025 Nigeria Oil and Gas Conference in Abuja, the Managing Director, Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Ronald Adams, referred to the expansion of its stake in the Bonga field, the FID on Bonga North and several other projects being considered, including Bonga South-West and HI as Shell’s vote of confidence in the future of Nigeria.
But he declined to give specific timing on FIDs, including that on HI. Discussions at the panel session were based on the theme, “Pragmatically Achieving Energy Abundance,” and featured chief executives of oil companies and government functionaries who proposed steps towards achieving energy sufficiency, as Nigeria targets net-zero emissions from fossil fuel by 2050.
Ronald said SNEPCo would build on its contributions to energy abundance by becoming more efficient and improving value across the value chain by working closely with the Nigerian Upstream Investment Management Services (NUIMS) and other stakeholders.
“There is a requirement for us to push the envelope. We cannot rest on our oars,” he said. He explained that Nigeria can achieve the ambition of net-zero emissions and also provide cost-effective and efficient energy for a rising population by optimising investments in hydrocarbon energy sources and quick renewable opportunities.
On the efforts of Shell towards net-zero emissions, the Managing Director said the company’s refreshed ‘Powering Progress’ strategy aims to accelerate the transition “purposefully and profitably to low-carbon businesses by the early 2030s.”
