Shell Nigeria Exploration and Production Company Limited has said that more than 90 per cent of the contract value in its operations will be executed by Nigerian companies. Shell recently revealed that the decision is part of its efforts to build a more sustainable energy future in Nigeria.
Speaking at the opening of a panel session during the just-concluded Nigeria Annual International Conference and Exhibition of the Nigerian Council of the Society of Petroleum Engineers in Lagos, the Managing Director of SNEPCo, Ronald Adams, shared that Shell is committed to supporting Nigeria’s energy goals.
According to him, with the deployment of the right policies, technology, efficient supply chains, and local human capital development, the company can aid the nation’s energy goals effectively.
“The question is no longer whether Nigeria will play a key role in the future of energy, but how quickly and effectively we can harness our potentials to deliver affordable, secure, and increasingly cleaner energy for Nigeria, and the world,” he said.
Summarizing the company’s performance on the Bonga field, Ronald disclosed that Shell is making good use of predictive analytics, integrated data systems, and regular maintenance to guarantee record levels of plant availability almost 20 years after first oil.
He concluded by emphasising the need for sustained policy reforms to ensure a stable and investor-friendly fiscal environment in Nigeria.
“That’s performance built on foresight, technology, and a commitment to excellence. SNEPCo is taking steps to ensure that over 90 per cent of the contract value in its operations is executed by Nigerian companies as it continues to grow the capacity of indigenous contractors in the supply of goods and delivery of services.
A lot more needs to be done to scale up local competence. End-to-end industrial capability is limited in Nigeria, which means project scopes often get split between in-country and overseas, increasing cost and, in some cases, delaying delivery. To bridge the gap, there is a need to invest in local fabrication and manufacturing centres, regional standardisation and certification, and access to capital for local vendors.
We will continue to stress the need for sustained reforms to ensure stable and investor-friendly fiscal environments that reduce uncertainty. A sustainable energy future for Nigeria and Africa will not emerge by chance. It must be built intentionally, collectively, and courageously,” he added.
