Shell Restructures Nigerian Operations

Anglo-Dutch oil giant Shell is restructuring its Nigerian business in a bid to improve efficiency and reduce costs, the company has announced.

Shell Exploration and Production Africa Limited (SEPA) and Shell Nigeria Exploration and Production Company Limited (SNEPCO) will function as separate entities under the One Shell moniker.

The move is a reaction to long-standing security issues which has put pressure on costs and production.

“We are operating in an extremely difficult environment where levels of production have been severely curtailed by the security situation for some time, where there is significant upward pressure on costs and where funding issues are having an impact on our operations”, says Shell Nigeria MD of Shell Petroleum and Developing Company (SPDC), Basil Omiyi.

Under the One Shell umbrella will be separate production, development and projects organisations with support services shared between them.

By staff writer