THE Anglo - Dutch oil giant Shell has described oil and gas expoloration and production in the Niger Delta as fragile given the prevalent threat of hostage taking and threat of attacks, while pointing out that in the last four years it has made $93 billion in CCS earnings, invested $60 and paid $55 billion dividends to shareholders.
Security
Nigeria: Oil and Gas Operations Fragile – Shell
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Shell focus switches to security
THE TIMES: Shell focus switches to security
7 July 2005
By Peter Klinger
SECURITY threats are to supplant technological advances as the key consideration driving strategy in Royal Dutch Shell over the next 20 years.
Jeroen van der Veer, chief executive of the Anglo-Dutch group, said that national security and trust in the marketplace were the key issues that needed to be addressed as part of planning to 2025.
He said: “Western societies now look to the state more than in recent decades to lead the restoration of physical security and market integrity. This brings into sharper focus the power of the state to regulate and to coerce, in a role involving both the direct intervention to fight terrorism and police the market, and a more general emphasis on transparency, disclosure and good governance.”
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