L
LequteMan
Guest
Nigeria - The Shell Petroleum Development Company (SPDC) says it is determined to complete its projects in Nigeria without fear of abandonement, in spite of challenges in its operations.
The Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Mr Osagie Okunbor, said this on Wednesday at a panel session of oil majors at the 15th Nigeria Oil and Gas Forum in Abuja.
The company had in January announced that it would cut global investment spending by 15 billion dollars over the next three years following the collapse in oil prices, causing fears about its projects in Nigeria.
Okunbor, however, said the company was committed to long term projects in Nigeria with improved fiscal terms and better security.
He said the company was keen to see its projects in Nigeria completed in spite of the twin challenges of oil price decline and the very tough fiscal conditions it faced in Nigeria.
Other oil majors at the session expressed their companies’ commitment to community social responsibilities in their areas of operation.
#Nigeria #Shell #Oil
The Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Mr Osagie Okunbor, said this on Wednesday at a panel session of oil majors at the 15th Nigeria Oil and Gas Forum in Abuja.
The company had in January announced that it would cut global investment spending by 15 billion dollars over the next three years following the collapse in oil prices, causing fears about its projects in Nigeria.
Okunbor, however, said the company was committed to long term projects in Nigeria with improved fiscal terms and better security.
He said the company was keen to see its projects in Nigeria completed in spite of the twin challenges of oil price decline and the very tough fiscal conditions it faced in Nigeria.
Other oil majors at the session expressed their companies’ commitment to community social responsibilities in their areas of operation.
#Nigeria #Shell #Oil
