Osagie Okunbor

They produce oil and natural gas, distribute gas to industries in Nigeria, produce liquefied natural gas for export, generate revenues for the government and provide social investment to local communities. You can read more details about Shell’s activities in Nigeria, particularly during 2016, in the following pages of this publication.

I am proud to represent thousands of dedicated men and women who work for Shell Companies in Nigeria. In 2017, we look forward to continuing our close collaboration with our joint venture partners, host communities, the three tiers of government of Nigeria and other stakeholders to continue contributing towards the drive for economic growth in Nigeria.

Osagie Okunbor
Country Chairman of Shell Companies in Nigeria
Port Harcourt, Nigeria

 

CAUTIONARY NOTE

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this Briefi ng Notes “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 Briefi ng Notes 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 signifi cant infl uence 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 Briefi ng Notes contains forward-looking statements concerning the fi nancial 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 identifi ed 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 Briefi ng Notes, including (without limitation): (a) price fl uctuations 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 identifi cation 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, fi scal and regulatory developments including regulatory measures addressing climate change; (k) economic and fi nancial 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. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this Briefi ng Notes are expressly qualifi ed in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forwardlooking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2016 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward looking statements contained in this Briefi ng Notes and should be considered by the reader. Each forward-looking statement speaks only as of the date of this Briefi ng Notes, April 2017.

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 Briefi ng Notes.

This Briefi ng Notes may contain references to Shell’s website. These references are for the readers’ convenience only. Shell is not incorporating by reference any information posted on www.shell.com. We may have used certain terms, such as resources, in this Briefi ng Notes that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our fi lings 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.

More In Briefing Notes

Social Investment

Shell Companies in Nigeria work with government, communities and civil society to implement programmes that have a lasting impact on lives in the Niger Delta and Nigeria as whole.

Nigerian Content Development

The Shell Petroleum Development Company of Nigeria Limited (SPDC) as operator of the SPDC Joint Venture (SPDC JV) carried out exploration and production operations in Ogoniland from the 1950s to the early 1990s.