Significant Oil Discovery in Nigeria’s Western Niger Delta: NNPC-CNL Joint Venture Strikes Gold with Meji NW-1 Well
The NNPC Limited and Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has announced a noteworthy near-field oil discovery following the successful drilling of the Meji NW-1 well, situated in Petroleum Mining Lease (PML) 49 in the shallow offshore region of the Western Niger Delta. This area, which has recently transitioned to comply with the Petroleum Industry Act (PIA) 2021 provisions, is a vital component of Nigeria’s energy production framework.
In a statement released on Friday, Chevron’s General Manager for Policy Government and Public Affairs, Olusoga Oduselu, detailed the progress made with the well, indicating that drilling commenced on September 2, 2024, and reached a total depth of 8,983 feet by September 13.
The well successfully uncovered approximately 690 feet of hydrocarbons located within Miocene sand formations, which further measures the expansion of the existing productive Meji field. Operations on the well were completed by October 2, after which the drilling rig departed the site, as noted in the official report.
“This achievement aligns with CNL’s strategic aim to enhance and expand its resource base in Nigeria,” the company asserted, highlighting that the success of the well is in harmony with Chevron’s broader exploration objectives worldwide.
These objectives encompass discovering new resources that extend the life of current producing assets in pre-existing operational regions while ensuring production is achieved through shorter development timelines.
The recent discovery injects fresh momentum into Nigeria’s oil and gas industry, reaffirming the persistent potential found in offshore reserves. The NNPC-CNL JV has reiterated its dedication to collaborating with the Nigerian government and other stakeholders to further develop the nation’s oil and gas resources.
“We are committed to ongoing collaboration with the Nigerian government and various stakeholders to advance the Nigerian oil and gas sector and foster economic growth,” the statement underscored.
As the energy sector remains integral to Nigeria’s economy, this discovery is anticipated to enhance production levels and bolster investor confidence in the previously underestimated potentials of the region.
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