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The Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner, Chevron Nigeria Limited, have confirmed a notable near-field oil discovery through the successful drilling of the Meji NW-1 well, located in Petroleum Mining Lease (PML) 49 within the shallow offshore area of the Western Niger Delta.
In a statement released on Friday, both companies announced that the well, which was spud on September 2, 2024, reached a total depth of 8, 983 feet, and the drilling operations was concluded on October 2.
“This accomplishment is consistent with CNL’s intention to continue developing and growing its Nigerian resources, including the onshore and shallow water areas.” the company stated. Chevron added that the success aligns with Chevron’s broader global exploration goals.
These include, “finding new resources that extend the life of producing assets in existing operating areas and deliver production with shorter development cycle times.”
Chevron works with PML 49 alongside NNPC in a joint venture. The US firm holds a 40 per cent stake in the block and NNPC owns the rest. The discovery encountered approximately 690 feet of hydrocarbons within Miocene sands, extending the productive area of the Meji field.
“We will continue to collaborate with the Nigerian government and other stakeholders to support the development of the Nigerian oil and gas industry and the Nigerian economy in general.”
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