According to Osagie Okunbor, the Managing Director, Shell Petroleum Development Company and Chair, Shell Companies in Nigeria, the company has no plans to leave Nigeria despite moves to divest its onshore assets. 

OML 118 Dispute Resolution: Kyari’s Legendary Leadership & Nigeria’s Next Billion Barrel, by Momodu Abutur       Mother Nature has a way of depositing its vast treasures wherever it pleases. In the wonderful world of hydrocarbons, these resources are either placed onshore (on land) or offshore (in...

Nigeria’s Deepwater Gas Production Hits Lowest     The volume of natural gas produced from the nation’s deepwater oilfields has hit its lowest level in at least five years, an analysis of data obtained from the Nigerian National Petroleum Corporation has shown. The deepwater gas production plunged in...

Oil Reserves: Delay In Deepwater Projects Threatens Target   The lack of final investment decisions on seven offshore deepwater oilfield projects in the country poses a threat to the country’s target of 40 billion barrels of crude oil reserves by 2020. The nation’s crude oil reserves fell...