Leader

Being a Leader Final Project (Part 1) 1

A Study of Shell Oil and its Stakeholders in Nigeria
Part 1 (Week Four)

A review of basic issues regarding the Background and Interests of Stakeholders of
Shell Oil Company in Nigeria

Ekwom O. [Student]
15802726

Being a Leader Final Project (Part 1) 2
Chapter 1

Introduction
Shell Petroleum Development Company of Nigeria limited is the most dominant player in the Nigerian upstream petroleum sector.   Shell commenced business in Nigeria in 1937 as Shell D’Arcy, it gained a commercial exploration and mining licence one year later and in 1956 discovered the first commercial oil field at Oloibiri in Bayelsa state and started oil exports in 1958.
Shell Nigeria operates a joint venture with the NNPC [Nigerian National Petroleum Company] and is a subsidiary of the Royal Dutch Shell Company plc. The Royal Dutch Shell Company was founded in 1907, incorporated in England and Wales with headquarters in Hague, the Netherlands. Peter Voser has been at the global helm of affairs since July 1, 2009. Shell Nigeria generates almost a million barrels of crude oil from its vast oil fields and wells in the Niger delta region numbering over a hundred which is almost 40% of the total crude oil production in Nigeria.
The Royal Dutch Shell Company is one of the top 10 companies in the Fortune 500® magazine ratings of 2009 and is the second largest global enterprise by revenue earnings of which a substantial 15% of this is proceeds from Shell Nigeria.
Nigeria is currently the most populous black nation in the world with a population estimate of 150 million persons and with a tribal diversity in excess of 100 recognised tribes and 300 dialects. Igbo, Hausa and Yoruba are the three most dominant and recognised of these tribes. The country is blessed with a rich and diverse cultural heritage and history. A member of the Commonwealth of Nations and the third fastest growing economy after China and India, Nigeria is at the focal...