Chevron companies in Nigeria reaffirmed their confidence in the country and their long-standing commitment to partnership, investment and responsible energy development.
Chairman and Managing Director of Chevron Companies in Nigeria, Jim Swartz, in a statement by the organisation’s Chief Corporate Affairs Officer, Nigeria and Midwest Region, Olusoga Oduselu, said, for more than six decades, Chevron had contributed to Nigeria’s growth through oil and gas production, deepwater investment, gas development, local content, human capacity development, and strategic community partnerships.
Swartz said Chevron was a leading oil and gas producer and investor in Nigeria, with operations across the Niger Delta and interests in major deepwater assets. He added that the company took a long-term view of Nigeria, with continued focus on operational excellence, efficiency, innovation, and investment across its portfolio.
He stated that Chevron remained committed to building enduring relationships that enabled human progress today and in the future.
Swartz said, to support sustained growth, Chevron was expanding and optimising its assets through exploration, infill drilling and production enhancement, stating that the company supports the Petroleum Industry Act (PIA) 2021 and the federal government’s efforts to strengthen the industry’s regulatory framework and investment climate.
According to him, since PIA, Chevron has renewed and converted key joint-venture and deepwater leases; recorded discoveries at Meji NW-1, Delta South AA and Awodi-07; entered PPLs 2000 and 2001 through farm-in agreements; acquired deepwater block PPL 2010; and renewed Oil Prospecting Licence 215.
He stated, “Chevron is also participating in strategic deepwater opportunities, including the announced Bonga Southwest/Aparo and Owowo/Usan developments.
“Completion of seismic acquisition across several deepwater leases is supporting future exploration, while planned infill drilling at the Agbami and non-operated Usan hubs is intended to mitigate natural production decline and sustain output.”
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