Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Martin Quinlan
London
7 January 2015
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Shell agrees $84m Nigeria compensation package

The deal is for the losses to the fishermen and community after two pipeline spills seven years ago

Shell has agreed a £55 million ($84m) compensation package for losses resulting from two pipeline spills in 2008, setting a precedent by making payments directly to the people affected. The settlement - made before a full trial was due to start in London this year - will give 600,000 naira ($3,240) to each of the 15,600 fishermen affected, while the community will receive a £20m payment.  Shell accepts that the spills, both of which continued for many weeks, were due to failures in the Bomu-Bonny pipeline, part of the Trans-Niger pipeline which flows 180,000 barrels a day (b/d) of crude to the Bonny export terminal. It has agreed to clean-up the Bodo Creek area, affected by the spills, where

Also in this section
Venezuela mismanaged its oil, and US shale benefitted
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
Outlook 2026: From wells to wafers – How MENA is powering the new energy–data nexus
Outlook 2026
14 January 2026
Leading economies in the region are using oil and gas revenues to fund mineral strategies and power hyperscale computing
Outlook 2026: Peru 2026 – A confident step into a new energy era
Outlook 2026
14 January 2026
The South American country offers stable, transparent and high-potential opportunities and is now ready for fresh exploration and partnership
Europe’s rising energy security challenge
13 January 2026
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search