Chevron Advocates for Stronger Oil and Gas Regulations

At the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Energy and Labour Summit (PEALS) in Abuja, Jim Swartz, Chairman and Managing Director of Chevron Nigeria Limited, represented by Segun Kuteyi, Director of Operations and Chief Operating Officer, stressed the importance of a strong regulatory framework in the Nigerian oil and gas industry. Swartz noted that Nigeria's vast resources, including significant oil reserves and natural gas, position it for growth in the global energy market.

He stated that a predictable and transparent regulatory environment is crucial for attracting investment, driving innovation, and creating jobs. Swartz highlighted Chevron's achievements post-Petroleum Industry Act (PIA) 2021, including the renewal of Joint Venture and Deepwater leases and investments in exploration and gas development.

He also emphasized the need for safety, collaboration, and workforce capability in addressing industry challenges, asserting that a motivated workforce is essential for the success of any regulatory framework.