GistIndigenous Companies Shines, Winning $1.98bn In Shell Contracts, Marking A 3% Increase In Local Content
Shell
GistIndigenous Companies Shines, Winning $1.98bn In Shell Contracts, Marking A 3% Increase In Local Content.
Shell Companies in Nigeria revealed that in 2023, they awarded contracts worth $1.98 billion to local companies, a move aimed at bolstering local content within the oil and gas sector.
The contracts, granted by Shell Petroleum Development Company of Nigeria Limited (SPDC), Shell Nigeria Exploration and Production Company Limited (SNEPCo), and Shell Nigeria Gas (SNG), marked a 3% increase from $1.92 billion in 2022.
Ron Adams, Managing Director of SNEPCo, shared this development at the 13th edition of the Practical Nigerian Content forum in Yenagoa, Bayelsa State. He noted that many of the beneficiary companies have used this opportunity to expand their operations, enhance their capabilities, and improve their financial standing.
Adams further emphasized that Shell collaborates with Nigerian-registered companies for a significant portion of its activities, underscoring the company’s commitment to advancing Nigeria’s progress.
Additionally, Shell has been active in human capital development through projects like the Niger Delta University Learning Centre, the Federal University of Technology’s IT Hub, and the University of Lagos Geosciences Centre. Shell has also supported ongoing research at the University of Ibadan to develop synthetic-based drilling fluids.
The Niger Delta Post Graduate Scholarship program has seen over 98% of its graduates secure employment in various sectors, including the oil and gas industry.
Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources, addressed the ongoing debate on energy transition, asserting that despite global pressure, Nigeria will continue producing fossil fuels. He highlighted the discrepancy in global emissions contributions, citing that the UK and the US, which call for the cessation of fossil fuel production, contribute significantly more to global emissions than African nations.
