Jump menu

Main content |  back to top

News and Media Releases

SPDC JV sponsors three Nigerian universities to Shell Eco-marathon

Students of three Nigerian universities have built cars they will race at the Shell Eco-marathon, Africa (SEMA) in South Africa on October 2 - 4, thanks to the sponsorship of the Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture.

The students of University of Lagos, University of Benin and Ahmadu Bello University, Zaria, collectively known as Team Nigeria, will join 40 teams from four countries to test the energy efficiency of their cars at the Zwartkops Raceway, near Pretoria. The event will be hosted by the School of Electrical Engineering at the University of Johannesburg. The Shell Eco-marathon competition challenges students in different continents (America, Europe, Asia and Africa) to build and race energy-efficient cars, and rewards those that travel farthest with the least amount of fuel.

"The sponsorship of the students opens an exciting phase in our long-standing support for education in Nigeria," said Osagie Okunbor, Managing Director SPDC and Country Chair, Shell Companies in Nigeria. "In addition to awarding scholarships, building schools and donating science equipment, we're challenging the leaders of tomorrow to begin to think about, and act on the difficult energy choices facing a rapidly increasing world population."

A Car

ZAZAU built by Team Ahmadu Bello University Zaria

In 2014, the SPDC JV provided seed funding for the three universities and sponsored them to the European edition of the competition in Rotterdam, The Netherlands. They also participated in the maiden edition of Shell Eco-Marathon Africa which held in South Africa in 2014, with the University of Benin team winning the Best Designed Car award. SPDC organised a test drive at the Campos Mini stadium in Lagos in March 2015 to test the readiness of the students. General Manager, External Relations SPDC, Igo Weli said: “The test drive was very successful and watched by cheering parents. The outcome of the event provided the assurance that the Nigerian students will pass the rigorous technical inspection before being allowed to race at Shell Eco-marathon in Europe or Africa. We’re pleased that our support has encouraged other universities to take part in this project designed to drive the efficient use of energy.”

The SPDC JV has a long history of supporting education through scholarships and other initiatives. It has endowed professorial chairs for teaching and research in eight Nigerian universities, established two centres of excellence at the University of Benin and University of Nigeria and also provides sabbatical opportunities for Nigerian university professors and senior lecturers.

In 2014, $14.8 million was invested in scholarships and other education programmes by the SPDC JV and Shell Nigeria Exploration and Production Company (SNEPCo).

Issued by: Precious Okolobo

Corporate Media Relations Manager

+234 80702 65019

September 27, 2015

Cautionary statement

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them.

These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to companies over which Royal Dutch Shell plc  either directly or indirectly has control. Companies over which Shell has joint control are generally referred to “joint ventures” and companies over which Shell has significant influence but neither control nor joint control are referred to as “associates”.

In this press release, joint ventures and associates may also be referred to as “equity-accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This press release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements.

Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases.

There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions;

(j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements.

Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2014 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this press release and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this press release, September 27, 2015.

Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

We may have used certain terms, such as resources, in this press release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

Page Tools