I repeat Shell is not leaving Nigeria. We are not going anywhere and we will be together for a long time,” Mr Okunbor said.
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Speaking during a high-level panel session titled ‘Fuelling growth: The Future of Oil and Gas’ on Tuesday, Mr Okunbor explained that the company is concentrating more on the deepwater where it has significant technological and financial advantage. He added that the company is investing more money in Nigeria with a single project in the deep offshore costing as much as $5 billion.
The deal is a relief for Shell, which has sought to offload the assets since 2021 because running them has been complicated by sabotage, theft and spills, some of which have sparked litigations and environmental liabilities.
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