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2014 News Releases
Production resumes at EA
Production has resumed at EA on the completion of repairs to the mooring platform.
SPDC completes sale of oil mining lease 24
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has completed the assignment of its 30% interest in Oil Mining Lease 24 (OML24) and related facilities in the Eastern Niger Delta to Newcross Exploration and Production Limited (Newcross). Total cash proceeds for Shell amount to some $600 million.
SNEPCo plans eight new deep-water wells, projects additional 40,000 barrels per day
Lagos, Nigeria; November 05, 2014: Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has announced plans to drill eight more wells in the Bonga field to help maximise deep-water production off the coast of Nigeria. This third phase of the Bonga Main development is expected to add around 40,000 barrels of oil equivalent per day through the existing Bonga floating production, storage and offloading (FPSO) facility.
First Oil produced from SNEPCo-Operated Bonga North West deep water project
Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) today (August 5, 2014) started oil production from the first well at the Bonga North West deep-water development off the Nigerian coast, another milestone for the country’s energy industry.
Senior English judge delivers ruling in preliminary Bodo trial
The outcome of the Bodo preliminary issues trial has just been announced in London. A senior English judge ruled that the interpretation of Nigerian law by SPDC is correct in all the crucial points argued before the court. Mr Justice Akenhead accepted that the Nigerian Oil Pipelines Act provides a comprehensive and complete regime for compensation for oil spills. This decision limits the scope of the litigation to an assessment of actual damages sustained as a result of the operational spills. The Judge dismissed the attempts of the community’s UK legal representatives to add a range of additional claims over and above the compensation due under the clear Nigerian statutory regime.
Niger Delta youths get another chance to start businesses in 2014 LiveWIRE programme
Niger Delta youths are being given yet another chance to start their own businesses through the 2014 edition of the LiveWIRE programme, for which The Shell Petroleum Development Company of Nigeria Limited (SPDC), operated Joint Venture has just invited entries from eligible candidates.
Team Nigeria enters for Shell Eco-marathon in Rotterdam
Two Nigerian universities are participating in the 2014 edition of Shell Eco-marathon Europe, the first teams from Sub-Saharan to enter the global event. The Shell Petroleum Development Company of Nigeria (SPDC) Ltd operated Joint Venture is sponsoring University of Lagos and University of Benin to the event which holds in the Dutch city of Rotterdam, May 15 – 18.