LAGOS, Nigeria — The Nigerian National Petroleum Corporation Limited, NNPC, and Chevron Nigeria Limited Joint Venture, NNPC-CNL JV, has announced a major oil discovery following the successful drilling of the Meji NW-1 well in the shallow offshore area of the Western Niger Delta.
This development, which took place under the framework of Nigeria’s Petroleum Industry Act (PIA) 2021, underscores Chevron’s ongoing commitment to investing in the country’s oil and gas sector.
Located within Petroleum Mining Lease (PML) 49, the Meji NW-1 well was drilled between September 2 and September 13, 2024, reaching a total depth of 8,983 feet.
The exploratory drilling revealed approximately 690 feet of hydrocarbon reserves within Miocene sands, confirming the presence of both oil and gas.
The well is part of an extension to the existing Meji field, with all operations completed by October 2, 2024.
This discovery fits into Chevron’s global strategy of extending the life of its current assets by identifying and developing new resources, with a particular focus on increasing production in shallow water and onshore areas.
Chevron has expressed optimism about the find, stating that it will enhance the company’s production capabilities and overall operations in Nigeria.
The success of the Meji NW-1 well also reflects the effectiveness of the NNPC-CNL JV, which has been crucial in driving exploration and production in the region.
The Joint Venture highlighted the importance of working closely with the Nigerian government and other key stakeholders in advancing the country’s oil and gas industry.
The newly implemented PIA 2021 provides a favourable environment for such developments, aimed at maximizing the potential of Nigeria’s energy resources.
Olusoga Oduselu, General Manager of Policy, Government, and Public Affairs at Chevron Nigeria, commended the joint venture’s efforts and reaffirmed its dedication to supporting Nigeria’s economic growth through strategic investments in the energy sector.
“This discovery is a testament to Chevron’s commitment to enhancing Nigerian resources and driving growth in the sector,” Oduselu said.
“The continued collaboration with the Nigerian government and our partners ensures that we can contribute positively to the country’s economy and add value to both local and national stakeholders.”
The Meji NW-1 oil discovery is expected to significantly impact Nigeria’s oil and gas industry, boosting production and providing additional economic benefits.
As Chevron and NNPC move forward with the development of this find, it is anticipated that the project will generate both short-term and long-term value for the nation.
