Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced that more than 90 percent of the contract value in its operations will be executed by Nigerian companies, as part of a broader commitment to building a sustainable energy future in the country.
According to Punch’s report , the company’s Managing Director, Ronald Adams, made the disclosure while opening a panel session at the Nigeria Annual International Conference and Exhibition of the Nigerian Council of the Society of Petroleum Engineers, held recently in Lagos.
Adams said Shell was committed to helping Nigeria achieve its energy ambitions through “the right policies, technology, efficient supply chains, and local human capital development.”
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“The question is no longer whether Nigeria will play a key role in the future of energy, but how quickly and effectively we can harness our potentials to deliver affordable, secure, and increasingly cleaner energy for Nigeria, and the world,” Adams stated.
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Highlighting Shell’s performance on the Bonga deepwater field, Adams explained that predictive analytics, integrated data systems, and proactive maintenance had enabled the asset to maintain record levels of plant availability nearly two decades after first oil.
He added that these results reflect “performance built on foresight, technology, and a commitment to excellence.”
Adams noted that SNEPCo is actively working to boost the capacity of indigenous contractors to supply goods and services, but acknowledged that Nigeria’s limited end-to-end industrial capability means some project scopes are still split between local and overseas contractors, raising costs and causing delays.
To close this gap, Adams called for increased investment in local fabrication and manufacturing centres, regional standardisation and certification, as well as better access to capital for Nigerian vendors.
He also stressed the need for consistent policy reforms to ensure a stable, investor-friendly fiscal environment.
“A sustainable energy future for Nigeria and Africa will not emerge by chance. It must be built intentionally, collectively, and courageously,” Adams said, reiterating Shell’s commitment to scaling up local competence and reducing uncertainty in the energy sector.
Image Credit: Peoples Gazette
