2 weeks Ago By Guardian Nigeria
Shell will continue to power progress in the drive for energy security in Nigeria through its businesses in the upstream, midstream and downstream as well as renewable sectors, Country Chair, Shell Companies in Nigeria and Managing Director of the Shell Petroleum Development Company of Nigeria Ltd (SPDC), Osagie Okunbor, has said. Represented by the Exploration Manager, Gogo Eneyok, at the opening of the 42nd Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE), Okunbor said the range of the Shell businesses were integrated across the energy value chain and working hard to address challenges in the sector. In addition to SPDC, the other Shell businesses in the country are Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Shell Nigeria Gas (SNG,) Daystar Power and All On as well as Nigeria Liquefied Natural Gas (NLNG), which it holds 25.
6 per cent stake. Okunbor said: “Shell, working with government, regulators and stakeholders, is actively participating in finding a pathway through the energy trilemma. We are focused on generating maximum value and cash to power the country.
” Referring to efforts towards low and zero-carbon products to market, he said: “Shell is deploying the latest technologies in reducing emission in our operations and we are well on track to meet our forecasted GreenHouse Gas reduction targets.” SNG is also increasing domestic gas delivery through its distribution network of 150 kilometres in Nigeria while Daystar and All On are giving individuals and communities access to cleaner and affordable energy, he said. Okunbor, however, pointed out that for these and other efforts and investments to achieve the desired results, the government had to improve the regulatory environment with continuous improvement in the provisions in the Petroleum Industry Act (PIA).
“The menace of crude theft and illegal refining must also be tackled to safeguard the nation’s resources and protect the environment,” he added..
