Wednesday 7 January 2015

Shell pays oil spill compensation

Shell's Nigerian subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), announced a A$100 million (STG55 million) settlement agreement with the Bodo community in respect of the two highly regrettable operational spills in 2008.

The settlement provides for an individual payment to each claimant who accepts the settlement agreement in compensation for losses arising from the spills as well as a payment for the benefit of the Bodo community generally.