NNPC Confirms Successful New Oil Well Discovery in Niger Delta
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed a successful new oil well discovery by Chevron Nigeria Limited in the Niger Delta, a development expected to boost Nigeria’s hydrocarbon reserves and strengthen the country’s energy security.
According to NNPC Ltd, the discovery was made during recent exploratory drilling activities in one of Chevron’s operated assets in the region. Preliminary assessments indicate that the well has commercially viable quantities of crude oil, with further evaluations ongoing to determine the full extent of the reserves.
NNPC described the discovery as a positive outcome of sustained investment in exploration activities and collaboration with international oil companies, despite challenges facing the global energy sector. The company noted that the find aligns with its strategy to increase Nigeria’s oil and gas reserves while maintaining responsible and efficient production.
Chevron Nigeria Limited also expressed optimism about the discovery, stating that it reinforces the company’s long-term commitment to Nigeria’s upstream sector and continued investment in safe and reliable energy development.
Industry analysts say the new discovery could help offset natural production declines in mature fields and support Nigeria’s drive to meet its OPEC production quota. It is also expected to contribute to government revenue, job creation, and local content development in the Niger Delta.
NNPC added that further appraisal and development plans will be announced in due course, subject to regulatory approvals and technical evaluations.
