- Chevron’s Chairman and Managing Director, Jim Swartz, confirmed the discovery in a statement
Chevron Nigeria Limited (CNL) has announced the discovery of a new oil field in the Niger Delta, estimated to produce 17,000 barrels of oil per day (bpd). The find is expected to significantly enhance Nigeria’s struggling oil output.
The “near-field discovery” was made by the Meji NW-1 spud in Petroleum Mining Lease 49, located in the shallow offshore area of the Niger Delta. Chevron’s Chairman and Managing Director, Jim Swartz, confirmed the discovery in a statement issued by Olusoga Oduselu, the company’s General Manager of Policy, Government, and Public Affairs.
The well, spud on September 2, 2024, reached a depth of 8,983 feet by September 13, encountering around 690 feet of hydrocarbons within Miocene sands. It also appraised an extension of the Meji field, with operations completed and the rig leaving the site on October 2.
Oduselu emphasized that the discovery aligns with CNL’s strategy to develop onshore and shallow water resources in Nigeria, furthering Chevron’s global goal of extending the life of existing assets. He added that the NNPC-CNL Joint Venture will continue working with the Nigerian government and other stakeholders to support the country’s oil and gas industry and economy.