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Sopuruchi Onwuka
American multinational energy major, Chevron, has declared renewed commitment to unlocking Nigeria’s full energy potential and delivering lasting value to its people.
Chairman and Managing Director, Jim Swartz, also told visiting Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, that Chevron remains firm on its pledge for continuous investment in Nigeria.
The pledge follows similar declarations by oil multinational companies after global momentum for energy transition which triggered wave of foreign divestments in the country begins to show deceleration.
In pointing out that the company has been a major investor in the country for over 60 years, Swartz noted Chevron’s contributions to the economic development of the country through its commercial operations in both onshore and offshore Niger Delta.
Oracle Intelligence reports that Chevron Nigeria Limited (CNL) operates petroleum exploration and production joint venture with the Nigerian National Petroleum Company (NNPC) Limited.
Jim Swartz reaffirmed the company’s commitment to the growth and development of the Nigerian oil and gas industry.
He told visiting Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, that Chevron is proud of its continuous investment in Nigeria for over 60 years.
He also pointed at Chevron’s contributions to the economic development of the country through its commercial operations in both onshore and offshore Niger Delta
In highlighting the ‘Chevron Way’ business principles, Jim Swartz outlined the company’s core emphasis on delivering affordable, reliable and ever cleaner energy.
He also counted the company’s commitment to promoting human ingenuity to solve energy challenges. He added that Chevron operates 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 building indigenous capacity through Nigerian Content development,” he stated.
Jim Swartz thanked the government for the commendable leadership in repositioning Nigeria’s oil and gas industry and reiterated Chevron’s commitment to help in unlocking Nigeria’s full energy potential and delivering lasting value to its people.
Director in charge of NNPCL/JV at the company, Mr Segun Kuteyi, highlighted CNL’s “North Star” strategy designed to improve its base business performance, monetize existing gas resources, and grow crude oil production to meet Nigeria’s national economic aspirations.
Some of the recent CNL milestones highlighted during the visit CNL include 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.
The Minister was taken through presentations of Chevron’s integrated operations in Escravos from its upstream assets in the swamp, shallow waters and deep offshore, to the midstream operations at Escravos Gas Plant and Escravos Gas-to-Liquids facility to the West African Gas Pipeline—supporting domestic power generation, fertilizer production, and regional energy security.
The presentation also covered CNL’s significant socio-economic support to the communities through local community contracts and employment generation.
Senator Lokpobiri, in his responseommended CNL on its incredible commitment to Nigeria’s development, emphasizing that Chevron 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.
According to him, Chevron has demonstrated high sense of integrity and trust both in the way it engages with the communities and in the provision of contract and employment opportunities for the people.
Senator Lokpobiri who took a tour of Chevron’s oil and gas facilities during his visit commended the company on innovative operation systems, especially on security surveillance and monitoring.
