Nigerian National Petroleum Company (NNPC) Limited-Chevron Nigeria Limited (CNL) joint venture (NNPC-CNL JV) has announced a major oil discovery through the successful drilling of Meji NW-1 well in petroleum mining lease (PML) 49.
Gatekeepers News reports that the PML 49 which was recently converted to PIA 2021 terms is located within the shallow offshore area of western Niger Delta.
Before this, NNPC had on October 9, signed an agreement with CNL on conversion of five oil mining leases (OMLs) into four petroleum prospecting licences (PPLs) and 26 PMLs.
General manager of policy government and public affairs at Chevron, Olusoga Oduselu in a statement released on Friday, said drilling the well in PML 49 commenced on September 2 and reached a total depth of 8,983 feet ( ft) measured on September 13.
The statement goes, “The Well has encountered about 690ft of hydrocarbons within Miocene sands and successfully appraises an extension of the Meji field. Well operations were completed, and the rig left location on October 2, 2024.”
“This accomplishment is consistent with CNL’s intention to continue developing and growing its Nigerian resources, including the onshore and shallow water areas and supports Chevron’s broader global exploration strategy to find new resources that extend the life of producing assets in existing operating areas and deliver production with shorter development cycle times.”
Oduselu said NNPC-CNL JV would continue to partner with government and other stakeholders to support the development of the country’s oil and gas industry and its economy at large.
