Chevron Finds New Oilfield in Nigeria, As Ondo Targets 100,000 bpd, 1.5cft of Gas
The “new gold mine” estimated to hold 17,000 barrels of oil per day (bpd), is located in the shallow offshore area of the Niger Delta.
According to Chevron, the “near-field discovery” was made by the Meji NW-1 spud in Petroleum Mining Lease 49.
Chairman and Managing Director of Chevron, Jim Swartz, confirmed the discovery in a statement on Friday issued by its General Manager of 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 measured depth on September 13, 2024.
He noted that the Well encountered about 690ft of hydrocarbons within Miocene sands and appraised an extension of the Meji field with well operations completed, while the rig left the location on October 2.
Oduselu added that the accomplishment is consistent with CNL’s intention to continue developing and growing its Nigerian resources including onshore and shallow water areas.
Meanwhile Oando Energy Resources Nigeria Ltd, Thursday said it is targeting to produce 100,000 barrels per day of crude over the next five years and 1.5 billion standard cubic feet of gas.
The oil company made the disclosure when its delegation led by the Oando Managing Director, Dr Ainojie Alexander Irune, met with Rivers State Governor, Sir Siminialayi Fubara, at Government House in Port Harcourt.
Irune explained that Rivers State, particularly Port Harcourt, was their main base of operation, adding that the company was delighted with the meeting with the governor as a mark of respect to their chief host.
In statement Governor Fubara stressed mutual benefits the state should derive from investors like the Oando willing to take advantage of the prevailing investment-friendly climate to achieve its business dreams.