Shell donates multimillion dollar projects to Maritime University

Okowa spoke last week at the opening of a 220-capacity set of auditoriums, eight lecture rooms, one e-classroom and 14 staff offices forming part of the many projects that the SPDC JV planned for the three-year-old specialised institution set up in response to the information and technology revolution in the global maritime industry, an area Nigeria looks at for developing more professionals for its blue economy ambition.

Represented by the state Commissioner for Oil and Gas, Prince Emmanuel Amgbaduba, Okowa charged other oil companies and businesses particularly those in the maritime sector to emulate the gesture of the SPDC JV in helping Nigeria develop future talent of maritime professionals.

‘Infrastructure such as what Shell and its partners have provided and still plan to provide forms the bedrock of meanful learning, teaching and research that can stand our institutions out in global ranking while helping the university to overcome the chronic shortage in infrastructure.”

Presenting the projects to the university community on behalf of the SPDC JV, Managing Director of SPDC and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, said the projects were fully equipped with requisite furniture and equipment and that a solar-powered potable water system had also been provided to support the facilities and the university community at large.

Okunbor was represented at the virtual project-opening ceremony by SPDC Country Head, Corporate Relations, Mr. Igo Weli. Speaking on the criteria for selecting the SPDC-JV supported projects, Okunbor said: “Our focus is on projects considered as very important to the success of the nascent and premier maritime university in Nigeria.”

Okunbor said, “As part of our social investment initiatives, the SPDC JV comprising NNPC, TEPNG and Agip, signed a Memorandum of Understanding (MoU) with the university in 2019 to develop critical facilities needing immediate attention for a smooth take-off. We are happy with the progress we have made.”

Group General Manager of National Petroleum Investment Management Services (NAPIMS), the investment arm of NNPC, Mr Bala Wunti, who was represented by NAPIMS Deputy Manager, Public Affairs, Mrs. Edith Bunmi Lawson, said, “NNPC is an avid believer in investing and touching the lives of all Nigerians and the environment. We will continue to support our JV operating partner, SPDC, to intervene in critical areas in infrastructure, health and education where we can make a difference and spread the benefit of our investments to all Nigerians.”

Wunti enjoined the university community to put this facility to the best use in a sustainable manner.

Vice Chancellor of the university, Professor Adigio, said, “The structures donated will relieve the university of a lot of stress, especially in the Faculty of Engineering where we now have choices of classrooms and even offices. The projects are a real plus to the university and will promote a healthy and comfortable learning environment. We appreciate what SPDC and its partners have done.”

Bamidele Odugbesan
Media Relations Manager
September 5 , 2021
Softphone: +234 807 022 8045

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “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 Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities 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 as “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 an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) 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 “aim”, “ambition”, ‘‘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 announcement , 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; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) 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 announcement 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 Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, September 5 , 2021. 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 announcement.

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