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Shell at a glance
As one of the world’s leading energy companies Shell plays a key role in helping to meet the world’s growing energy demand in economically, environmentally and socially responsible ways. In Nigeria, the Shell operated companies SPDC, SNEPCo and SNG employ more than 6000 direct employees and contractors of which over 90% are Nigerians.
Shell has been active in Nigeria since 1937. Our business activities in Nigeria are exploring and producing oil and gas onshore as well as offshore and gas sales and distribution. Shell also has an interest in Nigeria’s largest liquefied natural gas plant (NLNG). Our offices are based in Port Harcourt, Warri, Lagos, and Abuja.
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 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.
Shell In Nigeria by numbers
- Since the 1960s, SPDC has been at the forefront of efforts to develop Nigeria’s gas resources as pioneer and a leading producer, and is also a leading supplier of gas to domestic customers.
- Although its footprint impacts directly in only a tiny fraction of the Niger Delta, SPDC’s operations in the Niger Delta are spread over 20,000 square kilometres. They include a network of more than 6,000 kilometres of flowlines and pipelines, 60 oil fields, 700 producing wells, 60 flowstations, 7 gas plants and two major oil export terminals at Bonny and Forcados.
- SPDC operates the Bonny crude oil terminal, it is the largest of its kind in Africa. The Bonny associated gas plant can harness 20 million standard cubic feet of gas a day – enough to provide power to more than 200,000 average European households.
- Mutiu Sunmonu is the Country Chair for the Shell Companies in Nigeria
Our main contribution to Nigeria is through the taxes and royalties we pay to the federal government.
The joint venture operated by The Shell Petroleum Development Company of Nigeria Limited (SPDC) has contributed about $42 billion to the government in the past five years (2008–2012).
The Federal Government receives about 95% of the revenue after costs from the SPDC operated joint venture.
The Shell Nigeria Exploration and Production Company of Nigeria Limited (SNEPCo) – which operates our 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 (see separate Improving lives in the Niger Delta briefing note).
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.
In doing this we work severally together with government agencies, local and international NGOs, and the United Nations Development Programme (UNDP).
Shell also pays a share of its profits into an government’s education fund for the rehabilitation, restoration and consolidation of education in Nigeria.
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.
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
19.6 million tonnes of equity LNG sold during the year
3.2 million barrels of oil equivalent we produce every day
30+ refineries and chemical plants we run
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.
- Revenue: $451.2 billion
- Income: $16.5 billion
- Net capital investment: $44 billion
- Investment in research and development: $1.3 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.