By Ayomide Otitoju
Shell Reaffirms Investment Commitment to Nigeria, Eyes Expansion in Bonga Fiel Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has reaffirmed its commitment to investing in Nigeria’s energy sector as the country works toward energy abundance and a net-zero emissions target by 2050.
Speaking at a panel session during the 2025 Nigeria Oil and Gas Conference in Abuja, SNEPCo Managing Director Ronald Adams highlighted the company’s confidence in Nigeria’s energy future. He referenced the company’s expanded stake in the Bonga field, the Final Investment Decisions (FIDs) on Bonga North, and ongoing considerations for projects such as Bonga Southwest and HI.
The panel session, themed “Pragmatically Achieving Energy Abundance,” brought together industry leaders and policymakers to discuss strategies for energy sufficiency and transition.
Adams said Shell would continue to improve efficiency and create value across the energy value chain through close collaboration with Nigerian Upstream Investment Management Services (NUIMS) and other stakeholders.
“There is a requirement for us to push the envelope. We cannot rest on our oars,” he said.
He further emphasized that Nigeria can balance its net-zero emissions goal with rising energy demands by optimizing investment in hydrocarbons alongside rapid deployment of renewables.
Adams also referenced Shell’s “Powering Progress” strategy, which he said is focused on accelerating a purposeful and profitable transition to low-carbon businesses by the early 2030s.
He called on the Nigerian government to support industry efforts through enabling policies and a conducive business environment.
