“CHEVRON’S BIG STRIKE: AWODI-07 DISCOVERY BOOSTS NIGERIA’S OIL PROSPECTS “
GREATRIBUNETVNEWS–THE Nigerian National Petroleum Company Limited (NNPC Ltd) has congratulated Chevron Nigeria Limited (CNL) on the successful completion of the Awodi-07 appraisal and exploration well in the shallow offshore western Niger Delta.
Here are the key highlights:
Significant Hydrocarbon Discovery : The Awodi-07 well encountered approximately 675 feet of hydrocarbon pay across multiple reservoirs, confirming a significant presence of hydrocarbons.
Operational Excellence: Drilling operations were completed safely and efficiently, with all activities executed in strict compliance with approved operational and regulatory standards.
Strategic Partnership : The success reinforces the strength of the NNPC Ltd/CNL Joint Venture and their shared commitment to responsibly growing Nigeria’s hydrocarbon reserves
– Future Plans : The discovery will progress towards timely development and monetisation, aligning with Nigeria’s energy security and sustainable value goals.
_”The success of the Awodi-07 well further reinforces the strength of the NNPC Ltd/CNL Joint Venture and our shared commitment to responsibly growing Nigeria’s hydrocarbon reserves,”_ Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd.
_”This discovery underscores the importance of disciplined exploration programmes, strong partnerships, and the positive impact of the reforms introduced under the Petroleum Industry Act,”_ Mr. Udy Ntia, Executive Vice President, Upstream, NNPC Ltd
Andy Odeh
Chief Corporate Communications Officer
NNPC Ltd, in a statement made available to GREATRIBUNETVNEWS,stated that the success story was as a result of NNPC Limited and Chevron Nigeria Ltd decisions to work together under a joint venture agreement to operate several oil and gas fields in Nigeria’s Niger Delta. In this partnership, Chevron owns 40 per cent of the assets, while NNPC Limited holds the remaining share. The arrangement allows both companies to combine resources, expertise, and investment to develop Nigeria’s oil and gas resources more effectively.
Through this collaboration, the partners aim to increase oil production to about 146,000 barrels per day, which would support government revenue, create jobs, and contribute to the country’s energy supply.
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