- Safiu Kehinde
Shell has received an award at the ongoing 2025 annual international conference of the Nigeria Section of the Society of Petroleum Engineers (SPE) which opened today in Lagos.
The multinational oil and gas company received the award for its recorded $5 billion Bonga North Final Investment Decision (FID).
According to a statement made available to NPO Reports on Tuesday, SPE recognised Shell for the $5 billion Bonga North FID which was announced late last year.
Bonga North currently has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent (boe) and will reach a peak production of 110,000 barrels of oil a day. The project is currently being executed.
In his remark, the Shell Executive Vice President and Country Chair Nigeria, Marno de Jong, expressed his delight with the award as he highlighted the contribution of the company to Nigeria and improvement of lives.
Marno reiterated Shell’s commitment to continued partnership with stakeholders for the development of Nigeria.
“We are pleased that our businesses in Nigeria have delivered tangible benefits to the country through the taxes and royalties we pay, the local businesses we support with contract awards and the lives we have touched in social investments ranging from health to education,” said in comments on the award.
“Shell continues to partner with stakeholders for the development of Nigeria, and the 2025 SPE conference is a good platform to restate our confidence in the future of the country.” He said.
Following the award, Shell is joined over 60 exhibitors at the conference, with a stand featuring the flagship of its business in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) as well as Shell Nigeria Gas (SNG).
The company also exhibited All On, an impact investment company that supports improved access to energy in Nigeria, and Daystar Power, which provides integrated solar power to businesses across West Africa.
The Minister of State for Gas, Ekperikpe Ekpo led dignitaries on a tour of the stand.
“Shell has been powering progress in Nigeria for more than 60 years ago, by pioneering oil and gas production onshore and deep-water and implementing wide-ranging social investments that have improved lives across the country,” Senior Production Geologist, Abidemi Belgore, said as he received the visitors.
“We believe in leveraging technology and human resource for a resilient and sustainable energy future, and we are happy to showcase our support for end-to-end energy sustainability.” She added.