The NNPC Limited and Chevron Nigeria Limited Joint Venture have announced a major oil discovery at the Meji NW-1 well in Petroleum Mining Lease 49, offshore the Niger Delta.
According to a statement by General Manager, Policy, Government, and Public Affairs, Olusoga Oduselu, the well was drilled on September 2, 2024, and reached a depth of 8,983 feet by September 13, 2024.
The discovery revealed about 690 feet of hydrocarbons within Miocene sands and extended the Meji field.
Oduselu said, “The NNPC-CNL JV has made a near-field discovery with the successful drilling of the Meji NW-1 well. The well encountered about 690 feet of hydrocarbons and appraised an extension of the Meji field.”
The joint venture highlighted that this discovery aligns with its goal of continuing to develop resources in Nigeria’s onshore and shallow water areas. “This accomplishment supports Chevron’s broader global exploration strategy to find new resources that extend the life of producing assets and deliver production with shorter development cycle times,” Oduselu added.
Meanwhile, oil exploration activities in Nigeria dropped by 6.7% year-on-year in September 2024, as reported by the Organization of Petroleum Exporting Countries. The number of rigs used for exploration decreased from 15 in 2023 to 14 in 2024. However, the level of activity remained unchanged between August and September 2024.
Speaking at the African Oil Week in Cape Town, South Africa, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, reaffirmed Nigeria’s commitment to transparency and regulatory efficiency.
He also mentioned ongoing efforts to conclude the 2024 Nigerian License Round, offering opportunities for investors in the country’s vast untapped hydrocarbon resources.
