Shell Confident Nigerian Production Will Return by Year-end

Royal Dutch Shell has high hopes for Nigerian oil production following a seemingly democratic presidential election two months ago, said a company official.

Malcom Brinded, Shell’s head of exploration and production, said the company expects to see some production return at the end of this year after the presidential elections in April this year passed with surprisingly little violent incidences.


“The extent of violence was less than expected,” he told delegates at an oil and gas conference hosted by Credit Suisse. “We indicate that towards the back end of this year some of the (lost) production will be restored,” said Brinded. He refused to give specific dates and volumes to protect Shell workers in Nigeria.

Up to 95 percent of export revenues in Nigeria come from the oil sector.

Xinhua Financial News