NNPCL, Chevron announce oil discovery in Niger Delta
By Bright Lewis
The Nigerian National Petroleum Company Limited (NNPCL) and its joint venture Chevron Nigeria Limited have made a near field oil discovery with the successful drilling of the Meji NW-1 well within the shallow offshore the Niger Delta region.
In a statement released on Friday, both parties said the well, which was spud on September 2, 2024, had reached a total depth of 8,983 feet while operations were completed on October 2nd.
The drilling encountered approximately 690 feet of hydrocarbons within Miocene sands, appraising an extension of the already productive Meji field.
The latest oil discovery comes as a boost for Nigeria and reflects the contrast with Chevron’s peers such as Shell, ExxonMobil, Total Energy and Equinoxwho are leaving the Niger Delta waters opportunities in Nigeria for less risky ventures in Namibia and Guyana.
NNPC Limited had on Monday said it signed a deal with its Joint Venture partner, Chevron Nigeria Ltd, CNL, for the conversion of five of its JV assets into the Petroleum Industry Act (PIA) terms.
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