Olusoga Oduselu, the company’s general manager of policy, government, and public affairs, released a statement on Friday stating thus, on behalf of Jim Swartz, Chairman and Managing Director of Chevron.

According to Chevron Nigeria Limited (CNL), a new oil field has been found in the shallow offshore region of Nigeria’s South South.

It was discovered that Nigeria’s faltering oil output is anticipated to be enhanced by the recent find, which is projected to contain 17,000 barrels of oil per day (bpd).

Chevron’s General Manager of Policy, Government, and Public Affairs, Olusoga Oduselu, released a statement on Friday announcing this, on behalf of the company’s Chairman and Managing Director, Jim Swartz. stating that the Meji NW-1 spud in Petroleum Mining Lease 49 discovered the “near-field discovery.”

He clarified that on September 13, 2024, the well was estimated to have reached a total depth of 8,983 feet. The well was spud on September 2. Declaring that the well’s activities were over, the rig departed the site on October 2.

He claimed that the Well evaluated an expansion of the Meji field and found around 690 feet of hydrocarbons within Miocene sands.

The achievement, according to a Chevron representative, is in line with CNL’s goal to keep expanding and developing its resources in Nigeria, particularly onshore and shallow water locations.

In order to locate new resources that will shorten the development cycle for production and prolong the life of producing assets in current operating regions, Chevron’s larger global exploration plan is supported by this as well.

He went on, “The NNPC-CNL JV will keep working with the Nigerian government and other stakeholders to support the growth of the Nigerian economy overall as well as the country’s oil and gas industry.”