Shell Says Nigeria’s Oil Reforms Will Unlock More Barrels
The company’s Executive Vice President and Country Chair, Shell Nigeria, Elohor Aiboni, stated this while delivering a goodwill message at the 44th Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos.
Aiboni acknowledged the fiscal and regulatory incentives introduced by the Federal Government, noting that they had improved the competitiveness of Nigeria’s deepwater sector, strengthened investor confidence and reinforced the country’s position as a destination for long-term energy investments.
She expressed Shell’s commitment to strengthening its partnership with NAPE, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the government and other industry stakeholders to increase production and maximise the value of Nigeria’s hydrocarbon resources.
“We look forward to deepening our partnership with NAPE, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), government and industry stakeholders as we work together to unlock more barrels, grow reserves, attract investment, and deliver greater value for Nigeria,” she said.
Aiboni described the theme of the five-day conference, “Unlocking More Barrels: Driving Reserves Growth through Exploration, Local Capabilities and Adaptive Technology,” as timely and relevant to the industry’s efforts to strengthen energy security, attract investment and harness Nigeria’s resource potential.
She also commended NAPE President, Olajumoke Cecelia Ajayi, and the association’s leadership for bringing industry stakeholders together to deliberate on critical issues affecting reserves growth and sustainable investment in Nigeria’s energy sector.
The Shell executive further praised the NUPRC for its continued efforts to grow Nigeria’s hydrocarbon production and reserves, as well as its partnership with industry players in creating an enabling environment for investment and growth.
