Shell Reported a Substantial Decrease in Oil spills in Nigeria Following the Shutdown.
In 2022, Shell (SHEL.L) reported a substantial decline in the amount of oil spilled due to sabotage in Nigeria’s oil-rich Delta, which was attributable to the stoppage of operations for six months following the attacks.
According to Shell’s yearly report, the amount of crude oil spilled due to sabotage in the Delta decreased from 3,300 tonnes to 600 tonnes. Such leaks decreased from 106 to 75.
Due to an unusual rise in crude oil theft from the Trans Niger, production was stopped for around six months in 2022, which was correlated with a decrease in incidences.
The primary onshore oil and gas joint venture in Nigeria is operated by Shell and is called SPDC. For years, operational problems, theft, and sabotage have plagued SPDC.