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PETAN commends Shell’s leadership in Nigerian content …as new executive visits SNEPCo MD

The Petroleum Technology Association of Nigeria (PETAN), a foremost association of indigenous service companies has commended the pioneering role of Shell in the development of Nigerian content in the oil industry.

“Most of us have our roots here,” said the Chairman of the association, Bank Anthony Okoroafor, as he led a team on a courtesy visit to the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari. “The relationship with Shell has given us the required foundation and encouragement and we are now in a position to add value to the operations of oil companies in Nigeria.”

L-R: Financial Sec, PETAN, Sheba Palana; As. Sec., Wole Ogunsanya; Chairman, Bank-Anthony Okoroafor; MD SNEPCo, Bayo Ojulari; PETAN Ex-Officios, Ibe Chubby Ibe and Emmanuel Onyekwena, during a courtesy visit to SNEPCo offices in Lagos

L-R: Financial Sec, PETAN, Sheba Palana; As. Sec., Wole Ogunsanya; Chairman, Bank-Anthony Okoroafor; MD SNEPCo, Bayo Ojulari; PETAN Ex-Officios, Ibe Chubby Ibe and Emmanuel Onyekwena, during a courtesy visit to SNEPCo offices in Lagos

Mr. Okoroafor, who was elected the Chairman of PETAN in March 2016, said the members were on a familiarisation tour of international and national oil companies to brief them on the rebranding of the group that will see it play a more active role in the development of the oil and gas industry, “especially at this time of cost pressures.” He said PETAN had created target groups to liaise with oil companies, including SNEPCo, and would like to contribute solutions to challenges on projects, cost and production.

He added: “PETAN is already working with SPDC on an internship programme where graduates learn skills on one-year attachments to our companies and it will be very good to do the same with SNEPCo.”

In his remarks, Mr. Ojulari commended the role of PETAN in the development of the oil and gas industry in Nigeria. He said: “The new executive has come at a critical time in our industry. I would advise PETAN members to collaborate more effectively so they can present a unified front work that will be competitive in the global oil industry.”

The SNEPCo MD was accompanied by his leadership team, who highlighted various areas of potential collaboration with PETAN, including project implementation, cost leadership and value-adding service to the industry.

Shell companies in Nigeria make a major contribution to developing the country’s human capital and contracting capacity. Some 93% of contracts were awarded to Nigerian companies in 2015. Shell companies in Nigeria won PETAN’s Local Content Operator of the Year awards in 2013 and 2015.

Cautionary Note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal 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. Entities and unincorporated arrangements over which Shell has joint control are generally referred to “joint ventures” and “joint operations” respectively.  Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. 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, 2015 (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, April 21, 2016. 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.