Shell Nigeria has reiterated its commitment to supporting Nigeria’s ambitions for energy sufficiency and net-zero emissions by 2050, pledging continued investment in the country’s oil and gas sector.
Managing director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Ronald Adams, made this known during a panel session at the 2025 Nigeria oil and gas conference in Abuja.
Themed “Pragmatically Achieving Energy Abundance,” the session brought together top executives from major oil companies and key government stakeholders to deliberate on Nigeria’s path to energy sustainability.
Adams highlighted Shell’s ongoing investments, including the expansion of its stake in the Bonga field, the final investment decision (FID) on Bonga North and other potential projects such as Bonga Southwest and HI, as clear signs of Shell’s “vote of confidence in the future of Nigeria.”
While he did not disclose specific timelines for new FIDs, Adams said SNEPCo would continue to drive efficiency and create value across the oil and gas value chain in collaboration with the Nigerian Upstream Investment Management Services (NUIMS) and other partners.
“There is a requirement for us to push the envelope. We cannot rest on our oars,” he said.
He also stressed the importance of balancing Nigeria’s growing energy needs with the global climate agenda, noting that the country could meet its net-zero ambitions while delivering affordable and reliable energy by optimizing hydrocarbon investments and embracing renewable energy solutions.
On Shell’s global strategy, Adams stated that the company had updated its powering progress strategy to accelerate the shift toward low-carbon energy.
“Our refreshed strategy aims to accelerate the transition purposefully and profitably to low-carbon businesses by the early 2030s,” he said.
He called on the government to play a supportive role through policy reforms and the creation of a business-friendly environment that encourages innovation and sustained growth.
“It is important that government continues to support these efforts and those of other industry players through the right policies and creation of a conducive environment for businesses to thrive,” he added.
Shell, which has operated in Nigeria for over six decades, has gradually shifted focus toward deep-water and gas projects in recent years, following the divestment of several onshore assets.
The company remains one of the key contributors to Nigeria’s energy sector, both in terms of production and infrastructure development.
The Nigeria oil and gas conference is an annual event that brings together key players in the country’s energy industry to discuss policies, investment opportunities and innovations shaping the sector.
