Nigeria’s oil and gas industry has received a significant lift after the NNPC Limited-Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) announced a major oil discovery in the Western Niger Delta.
The Meji NW-1 well, drilled in Petroleum Mining Lease 49, struck approximately 690 feet of hydrocarbons within Miocene sands, expanding the already productive Meji field.
Key Facts:
- Drilling began on 2 September, reaching 8,983 feet by 13 September
- Well operations concluded on 2 October
- Discovery appraises extension of Meji field
- Area converted to PIA 2021 terms, critical for Nigeria’s energy production
Chevron’s General Manager, Olusoga Oduselu, hailed the find as “consistent with CNL’s intention to grow Nigerian resources.”
Analysis:
This discovery is a timely boost for Nigeria’s economy, which relies heavily on oil exports. The joint venture’s commitment to collaborating with the government and stakeholders ensures continued development of Nigeria’s oil and gas resources.
Reaction:
“The success of the Meji NW-1 well underscores our dedication to Nigeria’s energy sector,” said Oduselu.
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