Shell Production Development Company and Joint Venture partners have revealed plan to reopen some of its oil and gas wells in the Niger Delta as a way of enhancing its portfolio of assets in Nigeria.
In its Nigeria Briefing Notes 2021 obtained by newsmen on Wednesday, SPDC said its investment in large gas projects would be selective and will be executed in the Gulf of Guinea as well as rejuvenation of the SPDC JV’s onshore oil and gas production in the Niger Delta.
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“SCiN (Shell Companies in Nigeria) are working with the federal government of Nigeria to build a network of gas plants and pipelines to help bring power to the country’s growing industrial and commercial sectors,” the note read in part.
According to the Notes, the SPDC JV and SNEPCo production of oil and gas has increased over the past five years as Shell Nigeria Gas, SNG added another 30 industrial and commercial customers to its books.
Shell Gas B.V and its partners took the decision to expand NLNG’s liquefied natural gas, LNG export operations in Nigeria at the end of 2019.
“SCiN are working with the federal government of Nigeria to build a network of gas plants and pipelines to help bring power to the country’s growing industrial and commercial sectors,” the note read in part.
This infrastructure, SPDC said, will also increase the export of liquefied natural gas (LNG) to meet global demand for power plants and heating.
Natural gas emits between 45% and 55% fewer greenhouse gas emissions less than one-tenth of the air pollutants than coal when used to generate electricity.
At the same time, SCiN said it continues to maintain leadership in developing in the deep waters of the Gulf of Guinea.
In 2020, a range of Shell-branded lubricants were introduced to Nigeria customers through a strategic partnership.
“Our gas businesses are working with the federal government to produce and supply energy to Nigeria commercial and industrial hubs. We are helping local companies succeed through reliable and affordable power. But it’s not only about our businesses.
“We believe in increasing access to energy for Nigeria and we, therefore, have provided fund to All-On, a not-for-profit enterprise that finances renewable energy start-ups so that they can provide energy to communities that are off the power grid,” it said.
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