Chevron Nigeria Limited (CNL) has announced the discovery of a new oil field in the shallow offshore region of South South Nigeria.
This new find is estimated to yield approximately 17,000 barrels of oil per day (bpd), which is anticipated to enhance Nigeria’s struggling oil production levels.
Jim Swartz, the Chairman and Managing Director of Chevron, shared this information in a statement released on Friday by Olusoga Oduselu, the General Manager of Policy Government and Public Affairs. He noted that the "near-field discovery" was made during the Meji NW-1 drilling operation in Petroleum Mining Lease 49.
Swartz detailed that drilling commenced on September 2 and reached a total depth of 8,983 feet by September 13, 2024. He confirmed that the well operations were successfully completed, and the rig departed the site on October 2.
He highlighted that the well encountered approximately 690 feet of hydrocarbons within Miocene sands, further extending the Meji field.
According to the Chevron representative, this achievement aligns with CNL’s commitment to advancing and expanding its resources in Nigeria, particularly in onshore and shallow water regions.
“This (also) supports Chevron’s broader global exploration strategy to find new resources that extend the life of producing assets in existing operating areas and deliver production with shorter development cycle times.
“The NNPC-CNL JV will continue to collaborate with the Nigerian government and other stakeholders to support the development of the Nigerian oil and gas industry and the Nigerian economy in general”, he added.