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Shell’s retreat from Nigeria

From a Shell retiree…

Shell will be reducing activities in Nigeria and appears to be selling off below market price due to all the hassle there. John Browne leading a consortium. All in Sunday Times.

If true, this will be a major blow in the face of Shell, they give up. Precisely what you can expect from beancounters who have never worked in bad places like Nigeria… I see it as reducing value. Bunch of cowards.

And what happened to the promises of Brinded? By 2013 or 2014 he ‘hoped’ to realise 6-6.5 mln boe/d. And this ‘promise’ was as recent as 2005 or thereabouts. I would like to know where the deliverable is?

1 Comment on “Shell’s retreat from Nigeria”

  1. #1 BPshell_Lover
    on Oct 24th, 2010 at 17:13

    Breaking News!!! BP has decided to use the BPCares websites to continue its online PR campaign.
    This decision was unanimously agreed upon in conjunction with the BPAMA at their recently concluded meeting. The BPAMA marketers were assured of a deeper partnership by CEO Bob Dudley during a one-on-one with the marketers. Mr. Dudley pointed out to the members that they will not be abandoned; rather

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