KEY POINTS
- Shell urges the FG to tackle oil theft and illegal refineries.
- The company highlights its efforts in energy security and sustainability.
- Improved regulations are key to achieving lasting energy solutions.
Osagie Okunbor, Country Chair of Shell Companies in Nigeria and Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC), has called on the Federal Government to combat crude oil theft and illegal refining activities.
Speaking at the Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists in Lagos, Okunbor, represented by Shell Exploration Manager Gogo Eneyok, emphasized the detrimental impact of these issues. “The menace of crude theft and illegal refining must be tackled to safeguard the nation’s resources and protect the environment,” he stated.
Okunbor highlighted that Shell’s operations in Nigeria span the upstream, midstream, downstream, and renewable energy sectors, all focused on driving energy security and sustainable growth in the country.
Energy trilemma: Shell’s commitment to sustainable solutions
Addressing the conference theme, Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth & Affordability, Okunbor explained that Shell is deploying advanced technologies to reduce greenhouse gas emissions while contributing to Nigeria’s transition to cleaner energy.
“Shell is actively working with government, regulators, and stakeholders to find pathways through the energy trilemma. We are focused on generating maximum value and cash to power the country,” he said.
Shell’s businesses in Nigeria include SPDC, Shell Nigeria Exploration and Production Company Limited, Shell Nigeria Gas, Daystar Power, and All On. Through initiatives such as Daystar and All On, the company provides communities with access to cleaner and more affordable energy. Additionally, Shell Nigeria Gas (SNG) has expanded its domestic gas distribution network to over 150 kilometers, helping to address the nation’s energy needs.
Call for regulatory improvements to drive energy security
Okunbor urged the government to enhance the regulatory environment, particularly through continuous improvement of the Petroleum Industry Act (PIA). He noted that a stable and supportive framework is crucial for Shell’s efforts to achieve the desired impact.
While highlighting Shell’s role in addressing energy challenges, Okunbor reaffirmed the company’s commitment to partnering with the government to foster energy security, sustainability, and affordability in Nigeria. “Our investments and efforts require an enabling environment to succeed,” he concluded.
By addressing oil theft, improving regulations, and enhancing collaboration, Shell believes Nigeria can unlock its full energy potential and safeguard its resources for future generations.
