Chevron Nigeria To Sustain Deepwater Oil Exploration In Nigeria

Chevron Nigeria’s chairman and managing director, Jim Swartz has said, the company is committed to sustainable deepwater oil drilling in Nigeria, and also highlighting other measures to mitigate production decline in other key assets.

Swartz made the remarks while receiving ‘Sustainable Energy Business award ‘ at the eight edition of the Nigeria International Energy Summit (NIES), in Abuja. He also noted that, Chevron Nigeria’s drive towards efficiency in how it does its business could be seen in its efforts towards growing production in Nigeria via: Planned infill drilling to mitigate production decline in Agbami, planned infill drilling to mitigate production decline in its non-operated Usan hub and support for continued maturation of the Owowo development.

Other efforts include recent entry into OPL 215 to boost deepwater development opportunities, completion of seismic data acquisition across several of our deepwater leases to position Chevron for future exploration and demonstrate Chevron’s commitment to future growth in Nigeria.

The theme for this year’s summit is Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential.

The award, which was presented to Chevron Nigeria’s Chairman and Managing Director, Jim Swartz, by the Secretary General of the African Petroleum Producers Organization (APPO), Dr Omar Farouk Ibrahim in recognition of the company’s long-term commitment and contribution to the social and economic development of the country through sustainable practices in the oil and gas operations.

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The company’s leadership role in the Nigerian Oil and Gas Industry was applauded by dignitaries who visited the Chevron Nigeria exhibition booth. Chevron Nigeria was applauded for its resilience and long view of Nigeria, being one of the few International Oil Companies that still have operations in the onshore, shallow waters and deepwater areas of the country.

Chevron Nigeria’s Chairman and Managing Director also participated in a panel session themed “From Resources to Revenue,” at the Africa Upstream Forum which featured other panellists like Mele Kolo Kyari, Group Chief Executive Officer, NNPC Ltd (represented), Shane Harris, Chairman/MD, ExxonMobil Nigeria, Matthieu Bouyer – MD/CEO, TotalEnergies Companies in Nigeria, Osayande Igiehon, managing Director, Heirs Energy and others.

During the panel discussion, Swartz, also emphasized that, to succeed, companies must adapt, continuously improve, and build resilience to remain competitive while ensuring profitability.