October 18, (THEWILL) – 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.
A statement by Chevron’s General Manager for Policy, Government, and Public Affairs, Olusoga Oduselu, said while the well was spud on September 2, 2024, and reached a depth of 8,983 feet by September 13, drilling activities were concluded on October 2 with the rig leaving the site shortly afterwards.
The area falls under the updated terms of the Petroleum Industry Act (PIA) 2021, reinforcing its importance within Nigeria’s energy production framework.
Located within Petroleum Mining Lease (PML) 49 in the shallow offshore area of the Western Niger Delta, operations identified approximately 690 feet of hydrocarbons within Miocene sands, confirming the well as an extension of the productive Meji field.
Chevron said the achievement aligns with the 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”, it said.
