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NNPC Announces Major Oil Discovery in Niger Delta in Collaboration with Chevron

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NNPC Announces Major Oil Discovery in Niger Delta in Collaboration with Chevron

The Nigerian National Petroleum Corporation (NNPC) has announced a significant oil well discovery in the Niger Delta, describing it as a major milestone that will enhance Nigeria's oil sector revenue prospects. The discovery was made following the successful completion of the Awodi-07 appraisal exploration in the shallow offshore western Niger Delta.

The drilling operations, carried out by Chevron Limited in partnership with NNPC and Chevron Nigeria Limited, commenced in late November 2025 and were completed in mid-December 2025. The discovery confirmed the presence of hydrocarbons across multiple reservoir zones.

NNPC's Chief Corporate Communications Officer, Andi Odeh, highlighted the importance of the discovery in reinforcing confidence in the asset and the area's prospects. NNPC's Group Chief Executive Officer, Bashir Ojulari, commended Chevron Nigeria Limited for its performance in the joint venture.

The joint venture partners aim to increase oil production to 146,000 barrels per day. The partnership structure involves Chevron holding a 40% interest, while NNPC Ltd owns the remaining 60%.

The discovery is expected to attract fresh investments in Nigeria's upstream sector.

Plus234Feed summary based on reporting from Legit.ng. Read the original report below.

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