Emmanuel OchayiShell PLC has refuted claims of a complete exit from Nigeria following the sale of its onshore business in the Niger Delta.
In a statement, Shell emphasized its commitment to Nigeria, citing a strategic focus on Deepwater and Integrated Gas investments.
Join our WhatsApp ChannelIn a direct statement, the Shell Nigeria media team said, “The divestment aligns with our intent to exit onshore oil production in the Niger Delta, while remaining a long-term partner of Nigeria in areas aligned with our strategy.”
Contrary to speculation, Shell assured, “We intend to remain a long-term partner of Nigeria, supporting the country’s growing energy needs and export ambitions.”
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The company clarified that the SPDC transaction doesn’t affect its other businesses in Nigeria, including Shell Nigeria Exploration and Production Company Limited, Shell Nigeria Gas Limited, Daystar Power Group, and its 25.6% interest in NLNG.
Addressing concerns about employment, Shell stated, “We do not expect a loss of employment. SPDC’s staff will continue to be employed by the company as it transitions to new ownership.”
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
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