Shell’s $ 3 billion Gas Investments help Cut Flaring in Niger Delta Region
Shell Petroleum Development Company disclosed it has spent over $ 3 billion (N 480 billion) on its gas gathering infrastructure in the country. The company’s Director of Upstream International, Mr. Andy Brown revealed this to the Minister of Petroleum Resources, Alison Madueke and the GMD of NNPC, Austen Oniwon when they visited the Oil and Gas major’s headquarters in Netherlands.
A statement released by Shell via its Corporate Media Relations Manager said, “The national interest to reduce flaring was also discussed. Since 2000, the Joint Venture has spent more than $3 billion on associated gas gathering infrastructure. As a result, between 2002 and 2011, SPDC JV flaring dropped by more than 60 per cent from over 0.6 billion cubic feet a day (bcf/d) to about 0.2 bcf/d. This makes the SPDC JV among the best of its peers in amount of flaring per volume of oil produced.”
Andy Brown said, “Nigeria is an important energy producer with huge potential for growth and Shell would like to contribute to that growth. The SPDC Joint Venture pioneered and has continued to be at the forefront of gas development and utilization since the 1960s. It remains the single largest supplier, at about 45 per cent of the country’s domestic gas supply used mainly for power and industries.
“The venture, therefore, has the presence and experience to collaborate with other parties to help achieve this important national aspiration.”