Global energy giant Shell has reiterated its commitment to Nigeria’s energy future, expressing readiness to pursue new investment opportunities as the country works toward achieving energy abundance and transitioning to net-zero emissions by 2050.
Speaking at the 2025 Nigeria Oil and Gas Conference in Abuja, Managing Director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Ronald Adams, described Shell’s expanding footprint in the country as a strong vote of confidence in Nigeria’s energy sector.
He pointed to recent developments including the expansion of Shell’s stake in the Bonga field, ongoing considerations for Bonga Southwest and the HI project, as well as the Final Investment Decision (FID) on Bonga North, as evidence of the company’s long-term vision for its Nigerian operations. However, Adams stopped short of providing specific timelines for FIDs, including that of the HI project.
Themed “Pragmatically Achieving Energy Abundance,” the panel session featured industry leaders and top government officials, all of whom discussed practical pathways to ensuring energy sufficiency while maintaining Nigeria’s commitment to climate targets.
Adams emphasized Shell’s approach to achieving this balance: “We will continue to build on our contributions to energy abundance by improving efficiency and driving value across the upstream value chain,” he said, highlighting the company’s collaboration with Nigerian Upstream Investment Management Services (NUIMS) and other stakeholders.
He stressed the need for continued innovation and proactive investment, noting, “There is a requirement for us to push the envelope. We cannot rest on our oars.”
Adams also addressed Shell’s climate ambitions, reaffirming the company’s commitment to its recently updated Powering Progress strategy. The plan, he said, is designed to accelerate Shell’s transition to low-carbon energy businesses in a way that is both purposeful and profitable targeting the early 2030s as a key milestone.
He concluded by urging sustained government support, citing the importance of policies that foster a stable and attractive business environment. “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 said.
Shell’s outlook aligns with Nigeria’s broader goal of balancing energy development with environmental responsibility as the country prepares for a future driven by both hydrocarbons and renewables.
