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Shell CEO: Nigeria Security Situation Still Very Fragile

Dow Jones Newswires

Tuesday, 13 October 2009 – 14:10

LONDON -(Dow Jones)- The security situation in Nigeria’s troubled oil producing delta region remain very fragile despite a recent successful amnesty for rebels in the area, Royal Dutch Shell PLC (RDSB.LN) Chief Executive Peter Voser said Tuesday.

The Nigerian government has had some success with its amnesty, but it is far too early to say if things have improved and, “overall the security situation is still very fragile,” Voser told reporters on the sidelines of the Carbon Sequestration Leadership Forum in London.

Shell still has around 120,000 barrels equivalent of oil and gas production shut down in Nigeria because of poor security, he said.

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-By Selina Williams and James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected]

(END) Dow Jones Newswires

October 13, 2009 07:10 ET (11:10 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

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