Chevron Nigeria Limited has said it is repositioning its investment opportunities to significantly increase crude production capacity in Nigeria, enabled by ongoing reforms by the government.
The company noted that the move aligns with its broader global exploration strategy focused on finding new resources that extend the life of producing assets in existing operating areas and deliver production with shorter development cycle times.
Enabled by the Petroleum Industry Act and ongoing industry reforms, Chevron said it is advancing exploration opportunities and converting new discoveries into value for Nigeria through technology, local partnerships, and disciplined development.
To confirm this commitment, the Nigeria National Petroleum Company Limited/Chevron Nigeria Limited Joint Venture has successfully completed the Awodi-07 appraisal and exploration well in the shallow offshore area within the western Niger Delta region of Nigeria.
According to the company, the well was spud on November 30, 2025, reached a total depth of 12,420 ft MD / 11,303 ft TVD on December 16, 2025, and has now been safely plugged and suspended following completion of wireline and fluid sampling operations on December 28, 2025. Awodi-07 encountered approximately 675 feet of hydrocarbon pay, comprising:
The Chairman and Managing Director, Chevron Nigeria/Mid Africa Region, Jim Swartz, emphasised the significance of the discovery, stating that, “The Awodi-07 success demonstrates the strength of our exploration program and the value of collaboration with our senior partner, NNPCL, reinforcing the NNPCL/CNL JV’s commitment to sustaining production growth.”
Reinforcing this position, Vice President – Exploration, Kevin McLachlan, added, “This discovery comes after two recent exploration successes in Nigeria since late 2024.
“All three discoveries complements Chevron’s global exploration strategy to balance infrastructure enabled and frontier activity.”
The company said the accomplishment is consistent with CNL’s commitment to continue developing and growing its hydrocarbon resources.
This includes resources in the onshore and shallow water regions and supports
“We appreciate the partnership with NNPCL and the support of our regulators. The NNPCL/CNL JV will continue to collaborate closely with the regulators and other stakeholders to ensure compliance with all regulatory requirements.” the company said.
