Shell companies in Nigeria have restated their commitment to the development of Nigerian companies through contract awards and scaling up of expertise.

Speaking at the 13th edition of the Practical Nigerian Content (PNC) forum in Yenagoa, themed, ‘Deepening the Next Frontier for Nigerian Content Implementation’ will see the hosts, the Nigerian Content Development and Monitoring Board (NCDMB) and participating companies review progress on the development of Nigerian content about the implementation of the Nigerian Oil and Gas Industry Development (NOGICD) Act since it was enacted in 2010.

Shell companies in Nigeria are participating at the forum with a strong message of support for Nigerian companies, having awarded contracts worth $1.98 billion to the businesses in 2023 in a continuing effort to develop Nigerian content in the oil and gas industry.

The contracts, awarded by the Shell Petroleum Development Company of Nigeria Limited (SPDC), Shell Nigeria Exploration and Production Company Limited (SNEPCo) and Shell Nigeria Gas (SNG) present a three per cent increase from the 2022 performance of $1.92 billion.

Business Opportunity Manager for SNEPCo’s Bonga South-West Aparo Project Olaposi Fadahunsi, representing SNEPCo Managing Director, Ron Adams, told participants at the opening of the forum that several benefitting companies had taken advantage of the patronage to expand their operations and improve their expertise and financial strength.

“Shell companies execute a large proportion of their activities through contracts with third parties, and Nigeria-registered companies have been key beneficiaries of this policy aimed at powering Nigeria’s progress,” Fadahunsi said.

He commended the NCDMB for ensuring compliance with the Nigerian Content Act.