Chevron hosts minister, reaffirms commitment to Nigeria’s development

Chevron Nigeria Limited (CNL) has reaffirmed its commitment to the growth and development of the Nigerian oil and gas industry.

CNL’s Chairman and Managing Director, Jim Swartz, made this known during the visit of the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and his team to CNL’s operational hub in Escravos, Delta State, on Wednesday, August 13, 2025.

Jim noted that Chevron is proud of its continuous investment in Nigeria for over 60 years and CNL’s contributions to the economic development of the country through its joint venture with the Nigerian National Petroleum Company (NNPC) Limited and holding interests in both onshore and offshore assets across the Niger Delta.

He stated that at the core of CNL’s business is the Chevron Way, which outlines its core beliefs, values and purpose and also emphasises delivering affordable, reliable and ever cleaner energy, promoting human ingenuity to solve energy challenges, and operating with trust, integrity and accountability.

“We are proud to be aligned with the initiatives and aspirations of the Federal Government of Nigeria on the development of the Nigerian oil industry including the Petroleum Industry Act (PIA) 2021, the presidential directives reforming the oil and gas sector, the Decade of Gas initiative and the building indigenous capacity through Nigerian Content development,” the Chevron boss said.

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Jim thanked the Federal Government and the Minister of State for the leadership in repositioning Nigeria’s oil and gas industry and reiterated Chevron Nigeria’s commitment to help in unlocking Nigeria’s full energy potential and delivering lasting value to its people.

Also speaking, CNL’s Director, NNPCL/JV, Segun Kuteyi Chevron’s highlighted CNL’s “North Star” strategy, which aims to improve its base business performance, monetise existing gas resources, and grow crude oil production to meet the aspirations of the federal government.

Some of the recent CNL milestones highlighted during the visit included the conversion of legacy JV leases under the Petroleum Industry Act, renewal of deepwater leases, and the discovery of new oil fields such as Meji NW-1.

Lokpobiri commended CNL for its commitment to Nigeria’s development, stressing that the company is the only IOC that remained in the swamp and shallow water areas of operations in the Niger Delta when other IOCs were divesting their assets.

The minister also thanked Chevron for being a pacesetter among the IOCs and commended the company for the use of technology in its operations, especially in security surveillance and monitoring.

The Star