THE MONEY IS COMING BACK. THE CONFIDENCE IS BACK. NIGERIA’S DEEPWATER IS BACK.
GREATRIBUNETVNEWS –For years, investors looked at Nigeria’s deepwater and walked away.
Shell Boss: Incentives Have Restored What Years Of Doubt Destroyed
Too risky. Too uncertain. Too expensive. The barrels were there, buried deep under the sea, but the confidence to go after them was gone.
On Monday, at the 44th Annual International Conference and Exhibition of NAPE in Lagos, that story changed.
Standing before geoscientists from across Nigeria and beyond, Shell Nigeria’s Executive Vice President and Country Chair, Elohor Aiboni, delivered a message the industry has been waiting to hear:
Nigeria is competitive again.
The fiscal and regulatory incentives are working. Investor confidence is returning. Nigeria is once again a destination for long-term energy investment — not a gamble, but a destination.
This is not small talk. This is Shell — the company that knows Nigeria’s deepwater better than anyone — saying the reforms are the right step. The right step to unlock more barrels. To grow reserves. To attract investment. To deliver greater value for Nigeria.
And the theme of this five-day conference says it all: Unlocking More Barrels. Driving reserves growth through exploration, local capabilities and adaptive technology.
Timely. Relevant. Urgent.
Because energy security is not a slogan. It is survival. And Nigeria’s vast resource potential is not a promise for tomorrow — it is a prize waiting to be unlocked today.
Shell is ready to deepen its partnership — with NAPE, with NUPRC, with government, with industry. Ready to work together. Ready to unlock more barrels.
The message from Lagos is clear: The doubt is over. The deepwater is open. Nigeria is back.
THE VERDICT:
“Executive Vice President and Country Chair, Shell Nigeria, Elohor Aiboni, has said fiscal and regulatory incentives have enhanced the competitiveness of Nigeria’s deepwater sector, strengthened investor confidence and reinforced the country’s position as a destination for long-term energy investments.”
THE OCCASION:
“She stated this while delivering a goodwill message at the 44th Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos on Monday.”
THE REFORMS:
“She described the recent reforms in the oil and gas industry as a right step in Nigeria’s aspiration to unlock more barrels of oil for Nigeria.”
THE PARTNERSHIP PLEDGE:
“We look forward to deepening our partnership with NAPE, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), government and industry stakeholders as we work together to unlock more barrels, grow reserves, attract investment, and deliver greater value for Nigeria,” she said.”
THE CONFERENCE THEME:
“The theme of the five-day conference is: “Unlocking More Barrels: Driving Reserves Growth through Exploration, Local Capabilities and Adaptive Technology,” with geoscientists and associated professionals from within and outside the country in attendance.”
WHY THE THEME MATTERS:
“She described the theme as “timely and relevant as our industry works to strengthen energy security, attract investment and unlock Nigeria’s vast resource potential.””
THE BOTTOM LINE: Incentives restored confidence. Confidence restored competitiveness. Nigeria’s deepwater is back — and Shell is ready to unlock more barrels.
She commended NAPE President Olajumoke Cecelia Ajayi and the leadership team “for bringing industry stakeholders together around these critical priorities and for fostering the collaboration needed to drive reserves growth and sustainable investment in Nigeria’s energy sector.”
Aiboni also lauded the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) “for its unwavering focus on growing Nigeria’s hydrocarbon production and reserves and continued partnership with industry in creating an enabling environment for investment and growth.”
Earlier, the NAPE president had acknowledged Aiboni’s achievements as Managing Director of SNEPCo and wished her more milestones in her role as Executive Vice President and Country Chair, Shell Nigeria.
Shell is a principal sponsor of the 44th annual international conference and exhibition of NAPE and is mounting an exhibition on its operations in Nigeria. Aiboni led dignitaries on a visit to the stand, including, Special Adviser to the Presidency on Energy, Olu Verheijen.
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