Chevron pledges continued Nigerian investment as country marks independence
Chevron says it remains committed to Nigeria as a long-term partner, citing planned exploration, production and gas investments, local-content initiatives and community programmes. The company says it supports the Petroleum Industry Act and is working to sustain output, develop energy infrastructure and contribute to national and regional economic activity.
Chevron companies in Nigeria have reaffirmed their commitment to investment and long-term cooperation with the country as Nigeria marks its 66th Independence Anniversary. Jim Swartz, chairman and managing director of Chevron Companies in Nigeria, said the company was taking a long-term view of Nigeria. He cited operational efficiency, innovation and continued investment across Chevron’s portfolio as priorities.
In a statement made available to journalists in Warri by Chief Corporate Affairs Officer Olusoga Oduselu, Chevron said it was expanding and optimising its assets through exploration, infill drilling and production enhancement. The company also expressed support for the Petroleum Industry Act 2021 and government efforts to improve the industry’s regulatory and investment environment. Chevron said it had renewed or converted key joint-venture and deepwater leases since the PIA.
It also listed discoveries at Meji NW-1, Delta South AA and Awodi-07, farm-in agreements involving PPLs 2000 and 2001, the acquisition of deepwater block PPL 2010 and renewal of Oil Prospecting Licence 215 among its activities. The company said it was participating in proposed deepwater developments, including Bonga Southwest/Aparo and Owowo/Usan. Seismic acquisition and planned infill drilling at the Agbami and non-operated Usan hubs, it added, were intended to support future exploration and help offset natural production decline.
Chevron also highlighted gas projects, including the Escravos Gas Plant and Escravos Gas-to-Liquids facility. It said the projects had supported gas utilisation, reduced routine flaring and enabled production of naphtha and refined diesel. The company also cited its role in developing the approximately 700-kilometre West African Gas Pipeline, which supplies Nigerian gas to Benin, Togo and Ghana.
On local participation, Chevron said Nigerians made up more than 90 per cent of its in-country workforce. It also pointed to health, education and environmental programmes, including scholarships, healthcare facilities, science laboratories, libraries and support for the Lekki Conservation Centre.
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