Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has restated its commitment to align with Nigeria’s energy ambitions, as the country intensifies efforts to achieve energy abundance and transition towards a net-zero emissions future.
Managing Director of SNEPCo, Ronald Adams, made this known during a panel session at the 2025 Nigeria Oil and Gas Conference in Abuja, where he highlighted the company’s expanding footprint in the country’s offshore sector as a demonstration of confidence in Nigeria’s energy future.
Adams pointed to the expansion of Shell’s stake in the Bonga field, the Final Investment Decision (FID) on Bonga North, and other projects under consideration, including Bonga Southwest and HI, as indicators of continued interest.
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Response on FDIs
The Shell Managing Director, however, declined to give a definite timeline for further FIDs, including that on HI.
The panel, themed “Pragmatically Achieving Energy Abundance,” brought together key industry players and government officials, who proposed strategies for energy sufficiency in line with Nigeria’s 2050 net-zero emissions target.
Adams said SNEPCo remains committed to building on its contribution by driving efficiency and unlocking value across the oil and gas value chain, in close 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 emphasized that Nigeria can strike a balance between meeting its energy demands and climate goals by maximizing investments in hydrocarbon resources while accelerating access to renewable energy alternatives.
On Shell’s internal shift toward low-carbon operations, Adams said the company’s updated Powering Progress strategy is designed to fast-track a “purposeful and profitable” transition to clean energy businesses by the early 2030s.
“It is important that government continues to support these efforts and those of other industry players through the right polices and creation of a conducive environment for businesses to thrive,” he added.
