Chevron Companies in Nigeria reaffirm their commitment to long-term partnership and investment

Chevron Companies in Nigeria reaffirmed their commitment to long-term partnership, investment and responsible energy development as Nigeria marked its 66th Independence Anniversary. The company said it supports Nigeria's Petroleum Industry Act 2021 and federal efforts to strengthen the oil and gas sector's regulatory framework and investment climate.

Since the enactment of the Petroleum Industry Act, Chevron has renewed and converted key joint-venture and deepwater leases. The company entered PPLs 2000 and 2001 through farm-in agreements, acquired deepwater block PPL 2010, and renewed Oil Prospecting Licence 215.

Chevron said it was expanding and optimising its assets through exploration, infill drilling and production enhancement. Planned infill drilling at the Agbami and non-operated Usan hubs is intended to slow the natural decline in production. The company recorded discoveries at Meji NW-1, Delta South AA and Awodi-07.

Chevron is participating in the Bonga Southwest/Aparo and Owowo/Usan deepwater opportunities. Seismic acquisition across multiple deepwater leases has been completed, Chevron said, laying groundwork for further exploration.

The company's Escravos Gas Plant and Escravos Gas-to-Liquids facility have supported gas utilisation and reduced routine flaring. Those facilities have produced products including naphtha and refined diesel. Chevron led development of the roughly 700-kilometer West African Gas Pipeline, connecting Nigerian gas supplies with Benin, Togo and Ghana.

Chevron's local-content policy dates to 1999, more than a decade before Nigeria's 2010 local-content law.