Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its support for Shell Nigeria as the Federal Government seeks to attract $50 billion in deep offshore investments, beginning with the estimated $10 billion Bonga South West project.
The Commission’s Chief Executive, Oritsemeyiwa Eyesan, made the commitment during a meeting with Shell Nigeria’s newly appointed Executive Vice President and Country Chair, Elohor Aiboni, in Abuja. Their discussions focused on Shell’s ongoing projects and efforts to increase Nigeria’s oil production to 3million bpd by 2030.
Aiboni assumed her new position on August 1, 2026, becoming the first woman to serve as Shell Nigeria’s executive vice president and country chair. She succeeded Marno de Jong and brings more than 24 years of experience with Shell, including leadership of SNEPCo, which achieved its billionth barrel of oil production from the Bonga field in 2023.
Meanwhile, HEDA Resource Centre has asked NUPRC to publicly explain how environmental and decommissioning liabilities will be handled before approving TotalEnergies EP Nigeria’s proposed sale of its 10% non-operated stake in oil licenses managed by the Renaissance Africa Energy Joint Venture.
HEDA Chairman Olanrewaju Suraju urged the Commission to assess the transaction’s environmental and financial implications, particularly the pollution linked to assets formerly operated by the SPDC Joint Venture. He warned that cleanup responsibilities must not be transferred to a company without the capacity to fulfill them.
