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How Nigeria races to extract oil before it’s too late: QuickTake

Shell and other international companies have transferred onshore fields and shallow waters to Nigerian producers, a trend that could accelerate. Shell is focusing on offshore deepwater fields instead. Those developments, which account for about half of the nation’s output, are more profitable and less prone to conflicts. The change follows lawsuits in Nigeria, the UK and the Netherlands brought by communities in the Niger Delta accusing Shell of polluting the area and destroying their livelihoods, which depend on fishing and farming. cultivation. In August, Shell agreed to pay the people of Ejama-Ebubu $111 million to settle a dispute over a pipeline rupture during the civil war more than half a century ago. Shell, which planned to remove “Royal Dutch” from its name, says theft and vandalism are responsible for most of the oil spills.

https://www.washingtonpost.com/business/energy/how-nigeria-races-to-extract-oil-before-its-too-late-quicktake/2021/11/30/5b51ed30-51f0-11ec-83d2-d9dab0e23b7e_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business How Nigeria races to extract oil before it’s too late: QuickTake

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