April 20, 2024
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OIL & GAS RENEWABLE ENERGY

Promoting Nigerian Content: Shell Involves More Indigenous Companies

In a move to promote Nigerian content, Shell involves more indigenous companies to execute key contracts in oil and gas operations on land and in deep water.

The contractors deployed a technology for automated tank cleaning at Bonny Terminal for The Shell Petroleum Development Company of Nigeria Limited, SPDC, while locally manufactured stud bolts, nuts and flanges as well as sand screens are being used for well operations.

Shell Nigeria Exploration and Production Company Limited, SNEPCo, had in last year, deployed a team of 33 companies, 87% of whom were Nigerian owned, to successfully deliver the Bonga Turn Around Maintenance in eight days ahead of schedule saving on downtime on Bonga.

During a panel session on Nigerian content at the just-concluded 8th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, Shell’s General Manager, Nigerian Content Development, ‘Lanre Olawuyi, who was represented by Manager, NCD Capacity and Supplier Development, Kenechukwu Akubue saidNigerian content is a business enabler for Shell, so, it is in our interest to help build the capacity of Nigerian contractors to handle key contracts.

Shell has a target of promoting Nigeria’s content in oil and gas from 20 percent in 2010 to 70 percent by 2070 by awarding contracts. In 2022 alone, Shell companies in Nigeria awarded contracts worth over $1.9bln to Nigeria registered companies, of which 61% of were indigenous companies with 51% or more Nigerian ownership.

The company is also working to support the NCDMB‘s target of 50,000 indigenous oil and gas professionals with postgraduate qualifications by 2027.

Mr. Olawuyi said: “Shell is grateful for the support of stakeholders, including the NCDMB, our partners and contractors in efforts to promote Nigerian content and we hope to continue the collaboration to further grow this aspect of our business.”

 

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