- The development is expected to help Nigeria’s faltering oil production
Chevron Nigeria Limited (CNL) recently announced the discovery of a new oil field in Nigeria.
The “new goldmine,” which is estimated to contain 17,000 barrels of oil per day (bpd), is located in the shallow offshore area of the Niger Delta.
The development is expected to help Nigeria’s faltering oil production.
Chevron claims the “near-field discovery” was made by the Meji NW-1 spud in Petroleum Mining Lease 49.
The chairman and managing director of Chevron, Jim Swartz, confirmed the discovery in a statement on Friday issued by its general manager, Policy, Government and Public Affairs, Olusoga Oduselu.
Oduselu stated that the well was spud on September 2 and reached a total depth of 8,983ft.
He noted that the well encountered about 690ft of hydrocarbons within Miocene sands and appraised an extension of the Meji field.
The Chevron spokesperson said well operations were completed, while the rig left the location on October 2.
Oduselu added that the accomplishment was consistent with CNL’s intention to continue developing and growing its Nigerian resources, including onshore and shallow water areas.