The NNPC Limited-Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has announced a major oil discovery through the successful drilling of the Meji NW-1 well.
Located within Petroleum Mining Lease (PML) 49 in the shallow offshore area of the Western Niger Delta, this discovery marks a significant boost to Nigeria’s energy sector.
The area falls under the updated terms of the Petroleum Industry Act (PIA) 2021, reinforcing its importance within Nigeria’s energy production framework.
Chevron’s General Manager for Policy, Government, and Public Affairs, Olusoga Oduselu, disclosed the development in a statement titled, “NNPC-CNL Joint Venture Successfully Drills the Meji NW-1 Well.” The well was spud on September 2, 2024, and reached a depth of 8,983 feet by September 13.
Operations identified approximately 690 feet of hydrocarbons within Miocene sands, confirming the well as an extension of the productive Meji field. Drilling activities concluded on October 2, with the rig leaving the site shortly afterward.
Chevron said that this achievement aligns with its strategic goal to extend the lifespan of its existing assets and fast-track production in operating regions.
The company said that the discovery reinforces its long-term commitment to resource development in Nigeria and fits into its broader global exploration agenda.
“This milestone reflects our dedication to harnessing Nigeria’s resources and sustaining growth,” the statement noted, underlining the JV’s alignment with Nigeria’s economic development objectives.
The NNPC-CNL JV pledged to continue collaborating with the Nigerian government and other stakeholders to further develop the country’s oil and gas sector.
The venture aims to boost production while enhancing investor confidence, reaffirming Nigeria’s offshore potential as a cornerstone of its economy.
