Crude Oil was first discovered in commercial quantity in Oloibiri in present-day Bayelsa State in 1956 when Shell D’Arcy drilled the first successful well [2,3,4]. That same year, Shell D’Arcy changed its name to Shell-BP Petroleum Development Company of Nigeria Limited.
What did the British gain from Nigeria?
According to an article written by Toyin Falola titled “Nigeria as a Colony,” the British government gained control over the Royal Niger Company’s territories, and added on lower regions near the river to create the Protectorate of Northern Nigeria and Protectorate of Southern Nigeria.
Who is shell D Arcy?
Shell started business in Nigeria in 1937 as Shell D’Arcy and was granted an exploration license. In 1956, Shell Nigeria discovered the first commercial oil field at Oloibiri in the Niger Delta and started oil exports in 1958. … Many Nigerians thought the developers were looking for palm oil.