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Shell has been active in Nigeria since 1937.  Shell 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 over 40 years.

Our values

Our core values of honesty, integrity and respect for people form the basis of the Shell General Business Principles.

Our business activities in Nigeria

  • The Shell Petroleum Development Company of Nigeria Limited (SPDC) is the largest Shell company in Nigeria and produced the country’s first commercial oil exports in 1958. SPDC is the operator of a joint venture (the SPDC JV) between the government-owned Nigerian National Petroleum Corporation – NNPC (55% share), SPDC (30%), Total E&P Nigeria Ltd (10%) and the ENI subsidiary Agip Oil Company Limited (5%). It is focused on onshore and shallow water oil and gas production in the Niger Delta. 

  • 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 industry 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%).

Shell In Nigeria by numbers

  • The SPDC JV’s assets include around 50 producing oil fields, a network of approximately 5,000 kilometers of oil and gas pipelines and flowlines, five gas plants and two major oil export terminals (Bonny and Forcados)
  • Bonga was Nigeria’s first oil and gas project in water depths over 1,000 metres. It increased Nigeria’s oil capacity by 10% when it began producing in 2005 and  has production capacity of 200,000 barrels of oil per day and 150 million standard cubic feet of gas per day
  • The NLNG plant at Bonny Island has six processing units (trains) with total processing capacity of 22 million tonnes a year of LNG and up to 5 million tonnes of natural gas liquids (LPG and condensate). NLNG accounts for approximately 7% of the world’s total LNG supply

Our contribution

Shell Companies in Nigeria (SCiN) are major contributors to the economy, not only through the energy they produce and the revenues they generate for the country, but also via their supply chains, local content and social investment.

In 2014 Shell-operated ventures in Nigeria produced an average of 739,000 barrels of oil equivalent per day (boe/d), with 578,000 boe/d from the Shell Petroleum Development Company Joint Venture (SPDC JV) and 161,000 from the Shell Nigeria Exploration and Production Company (SNEPCo). Shell Nigeria Gas (SNG) supplies natural gas to 85 industrial customers and the SPDC JV is the major supplier of gas to Nigeria LNG. SPDC’s Afam VI power plant supplied approximately 18% of the nation’s grid-connected electricity in 2014.

Nigeria depends on the oil and gas industry for approximately 90% of export income and 75% of overall government revenue.

SCiN make a major contribution to developing the country’s human capital and contracting capacity. 90% of SCiN contracts were awarded to Nigerian companies in 2014.

SCiN pursue a variety of social investment projects, with a particular focus on community and enterprise development, education and health. Nigeria the largest concentration of social investment spending in the Shell Group.

  • In 2014 Shell-operated ventures contributed $202 million (Shell share $93.6 million) to the NDDC as required by law
  • $112 million (Shell share $34 million) was directly invested by the SPDC JV and SNEPCo in social investment projects
Collectively, this makes Nigeria the largest concentration of social investment spending in the Shell Group.

Read more about our contributions in Nigeria.

Shell is a global group of energy and petrochemical companies. Our headquarters are in The Hague, the Netherlands, and our Chief Executive Officer is Ben van Beurden. The parent company of the Shell group is Royal Dutch Shell plc, which is incorporated in England and Wales.

Our strategy to generate profitable growth remains to drive forward with our investment programme, to deliver sustainable growth and provide competitive returns to shareholders, while helping to meet global energy demand in a responsible way.

In Upstream we focus on exploring for new oil and gas reserves and developing major projects where our technology and know-how adds value to the resource holders.

In Downstream our emphasis remains on sustained cash generation from our existing assets and selective investments in growth markets.

Read more about our strategy - opens on Shell.com and major projects - opens on Shell.com.

Our core values of honesty, integrity and respect for people form the basis of the Shell General Business Principles - opens on Shell.com.

Shell by numbers (figures for 2013)

 +70 countries where we operate

~92,000 average number of employees

24 million tonnes of equity LNG sold during the year

3.1 million barrels of oil equivalent we produce every day

refineries and chemical plants we run

Our business

Upstream explores for and extracts crude oil and natural gas.

Downstream refines, supplies, trades and ships crude worldwide, manufactures and markets a range of products, and produces petrochemicals for industrial customers.

Projects & Technology manages delivery of Shell’s major projects and drives the research and innovation to create technology solutions.

Financial performance 

Visit our Investor Centre to view our latest quarterly results - opens on Shell.com.

2013

  • Revenue: $421.1 billion
  • Income: $14.7 billion
  • Net capital investment: $23.9 billion
  • Investment in research and development: $1.2 billion

 

Fast facts for sustainable development - 2012

  • $2.2 billion spent on developing alternative energies, carbon capture and storage, and CO2 related R&D over the past five years.
  • Around $14 billion spent on goods and services in 2012 from companies in countries with lower incomes.
  • Around $149 million spent on voluntary social investments in 2012.

Learn more about our social and environmental performance - opens on Shell.com