Shell production capacity reaches 514,000 barrels of oil

Shell Petroleum Development Company (SPDC) has disclosed that its oil output has grown to an average of 514,000 barrels per day (bpd).

The Chairman of Shell Companies in Nigeria (SCiN), Osagie Okunbor also noted that the company has developed capacity to produce more.

Okunbor pointed out that SPDC achieved the feat last year when its production rose more than 10 per cent to 514,000 barrels of oil equivalent per day (boe/d) due to enhanced exploration and production activities.

Meanwhile, the Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Mr. Bayo Ojulari, urged industry players and firms ready to foster needful partnerships to proffer quality solutions to the challenges that the oil and gas industry faces in implementing local content as required by the Nigerian Oil & Gas Industry Content Development (NOGICD) Act.

At the 12th PSRG–Richardson Health, Safety, Security and Environment (HSSE) Forum, which had as theme “Nigerian Content Development: Facing the future”, he said while there is increasing support, regulations are going to get stricter to ensure compliance by firms.

“There are areas where we can quickly close gaps identified in local content implementations”, Ojulari reiterated at the forum, which held as a webinar due to health protocols induced by the COVID-19 pandemic.

He stressed the need for collaboration among Nigerian firms as a reliable way to harness the different skills that will grow the industry. “Collaboration is key to unlocking value. Don’t do it all alone, you always benefit from partnering,” he said.

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