NNPC-Chevron Joint Venture discovers oil in Niger Delta

The NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has made a significant oil discovery through the successful drilling of the Meji NW-1 well.

The well is located in Petroleum Mining Lease (PML) 49, within the shallow offshore area of the Western Niger Delta.

This development comes under the newly implemented Petroleum Industry Act (PIA) 2021 terms, highlighting Chevron’s continuous investment in Nigeria’s oil and gas sector.

Drilled between September 2 and September 13, 2024, the Meji NW-1 well reached a total depth of 8,983 feet.

The exploration yielded around 690 feet of hydrocarbons within Miocene sands, confirming the presence of oil and gas reserves.

The well is part of an extension to the existing Meji field, with operations completed by October 2, 2024.

ALSO READ: Ondo guber: I’ll continue with developmental projects — Aiyedatiwa

This discovery aligns with Chevron’s broader global strategy to extend the life of its existing assets by identifying and developing new resources.

The company remains focused on increasing production in shorter time frames, particularly in shallow water and onshore regions.

The success of the Meji NW-1 well reinforces Chevron’s commitment to enhancing its operations in Nigeria.

The NNPC-CNL JV emphasized the importance of collaboration with the Nigerian government and other key stakeholders in furthering the country’s oil and gas industry.

The discovery is expected to contribute positively to Nigeria’s economy, with added value to both local and national stakeholders.

Olusoga Oduselu, General Manager of Policy Government and Public Affairs, commended the joint venture’s continued dedication to boosting Nigerian resources and driving growth in the sector.

NIGERIAN TRIBUNE