Chevron has reaffirmed its long-term commitment to Nigeria, pledging continued investment in oil and gas production, deepwater development, local content and human capacity development.
The company made this known in a statement by its Chief Corporate Affairs Officer, Chevron Nigeria and Mid-Africa Region, Olusoga Oduselu, to mark Nigeria’s 66th Independence Anniversary.
Chevron’s Chairman and Managing Director in Nigeria, Jim Swartz, said the company remained confident in Nigeria and would continue to focus on operational excellence, efficiency, innovation and investment across its portfolio.
The company said it was expanding and optimising its assets through exploration, infill drilling and production enhancement while supporting the implementation of the Petroleum Industry Act 2021 and efforts to improve Nigeria’s investment climate.
According to Chevron, it has renewed and converted key joint-venture and deepwater leases since the enactment of the PIA, recorded discoveries at Meji NW-1, Delta South AA and Awodi-07, and entered PPLs 2000 and 2001 through farm-in agreements.
It also acquired deepwater block PPL 2010 and renewed Oil Prospecting Licence 215.
Chevron said it was participating in major deepwater opportunities, including the Bonga Southwest/Aparo and Owowo/Usan developments, while seismic acquisition and planned infill drilling at the Agbami and Usan hubs would support future exploration and production.
On gas development, the company said its investments in the Escravos Gas Plant and Escravos Gas-to-Liquids facility had contributed to gas utilisation, reduced routine flaring and enabled the production of products including naphtha and refined diesel.
It also highlighted its role in the development of the approximately 700-kilometre West African Gas Pipeline, through which Nigeria supplies gas to Benin, Togo and Ghana.
On local content, Chevron said Nigerians accounted for more than 90 per cent of its workforce in the country.
The company said it established its Local Content Policy in 1999 and continued to work with the Nigerian Content Development and Monitoring Board to create opportunities for Nigerian companies and contractors.
Chevron also highlighted its social investments in healthcare, education and environmental conservation.
It said the Agbami parties had constructed and equipped more than 28 chest clinics, donated nine mother-and-child healthcare centres and provided a medical diagnostics laboratory.
In education, the company said its programmes had benefited more than 23,000 people, while the Agbami Medical and Engineering Professional Scholarship had supported more than 16,500 students since 2009, including 715 first-class graduates.
Chevron added that it and its deepwater partners had delivered 39 science laboratory complexes and 25 conventional and hybrid libraries across the country.
The company also pointed to its support for the 78-hectare Lekki Conservation Centre, which it said it donated to the Nigerian Conservation Foundation in 1992.
Chevron said it remained committed to contributing to Nigeria’s energy security, economic growth and sustainable development through continued investment and partnerships.
