The Shell Petroleum Development Company of Nigeria Ltd (SPDC, Shell interest 30%) is the operator of a joint venture between the government-owned Nigerian National Petroleum Corporation (NNPC, 55%), Shell, (30%), Total (10%) and ENI (5%). Shell Nigeria Exploration and Production Company (SNEPCo, 100% Shell-owned) hold interests in a number of offshore licences including the Shell-operated Bonga field (Shell interest 55%), Nigeria’s first deep-water project. Shell also has a 25.6% interest in Nigeria Liquefied Natural Gas (NLNG) which exports LNG around the world.
$48 billion: revenues from SPDC to the Nigerian government from 2010 to 2014.
$3 billion: Shell share of royalties and taxes paid to the Nigerian government in 2014 (SPDC $1.8 billion, SNEPCo $1.2 billion).
95%: share of revenue after cost that goes to the Nigerian government from each barrel of oil that SPDC produces.
90%: total number of contracts awarded to local companies.
$1.5 billion: spend of SPDC and SNEPCo on local contracting and procurement 2014.
About 95%: proportion of employees at SPDC and SNEPCo who are Nigerian.
$202 million: SPDC and SNEPCo funds to the Niger Delta Development Commission in 2014 (Shell share $93.6 million).
$112 million: 2014 direct contribution from SPDC and SNEPCo to social investment projects (Shell share $34.3 million).
