PETAN, comprising 89 indigenous companies in the upstream sector of the oil and gas industry, announced the recognition at the 2017 award night in Lagos, the 3rd corporate laurel to be won by Shell from the organisation. Shell had won PETAN’s Local Content Operator of the Year awards in 2013 and 2015.
Speaking at the awards ceremony, PETAN President, Bank-Anthony Okoroafor acknowledged the leadership role of Shell Companies in Nigeria in local content development and said the award was well deserved. He added, “Indigenous companies look to leveraging growth opportunities in the industry.”
Speaking later, the Managing Director of Shell Nigeria Exploration and production Company Ltd (SNEPCo), Bayo Ojulari who represented Shell companies in Nigeria thanked PETAN for the recognition.
He said: “At Shell, we see local content as a critical business enabler, not just a regulatory requirement, and that is why we took cogent steps to encourage community and Nigerian contractors even before the Nigerian Oil and Gas Industry Content Development Act was enacted in 2010. Today, these steps have matured as contracts and funding and other capacity building initiatives as well as highly rewarding collaborative engagements with Nigerian oil and gas professionals in Scotland and suppliers in China. We are pleased that the milestones have been recognised by PETAN and other organisations.”
The Lagos event also featured awards to other intentional oil companies and Nigerian service providers.
Shell Companies in Nigeria awarded 94% of their total number of contracts to Nigerian companies in 2016, with the total value amounting to $0.74 billion.
In a related development, 110 persons have completed the Shell/PETAN Internship Programme designed to support efforts towards tackling the shortage of competent manpower in some critical disciplines in the oil and gas industry, with emphasis on geology and engineering.
Speaking at the graduation of the third batch of the programme in Port Harcourt on Thursday, Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, said the collaboration with PETAN was targeted at fresh graduates on an annual basis. “This is achieved through exposure to rich technical on-the-job work experience, designed to equip the participants with practical industry experience and to position them more favourably for employment after the 12-month internship,” he said.
Represented by the General Manager External Relations, Igo Weli, the SPDC MD also announced the commencement of the fourth batch of the programme.
The Shell/PETAN Internship Programme commenced in 2014 and about 50 percent of the 110 beneficiaries from the first to third batches have been employed by some PETAN member companies.
Media Relations Manager
Softphone: +234 807 022 8045
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, 2016 (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, December 10, 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 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.