Shell PLC has clarified its continued presence in Nigeria, outlining three key businesses unaffected by the recent SPDC transaction in the Niger Delta.
These include Shell Nigeria Exploration and Production Company Limited, actively engaged in oil and gas production in the deepwater Gulf of Guinea. Another unaffected entity is Shell Nigeria Gas Limited, dedicated to supplying gas to domestic industrial and commercial clients. Furthermore, Daystar Power Group, specializing in integrated solar power solutions for commercial and industrial entities across West Africa, remains outside the scope of the SPDC deal.
Shell emphasized its ongoing 25.6% stake in NLNG, a significant player in liquefied natural gas production and global exports. The company underscored that its interest in NLNG is entirely separate from the recent transaction involving SPDC.
Addressing concerns about potential job losses, Shell assured that employees of SPDC in Nigeria would not experience any terminations
. The company affirmed its commitment to maintaining the workforce as it smoothly transitions to new ownership under the agreed-upon terms. Shell’s reassurance aims to quell uncertainties surrounding the employment status of current staff members in the wake of the SPDC divestment.
