• Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint & Comments
Tuesday, January 27, 2026
Mediatracnet
Advertisement
  • Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint & Comments
No Result
View All Result
  • Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint & Comments
No Result
View All Result
Mediatracnet
No Result
View All Result
Home News Business & Economy

Successful Awodi-07 Discovery reinforces NNPC Ltd/CNL JV to add value Nigeria’s oil output, says Ojulari

Mediatracnet by Mediatracnet
January 27, 2026
in Business & Economy
0
Successful Awodi-07 Discovery reinforces NNPC Ltd/CNL JV to add value Nigeria’s oil output, says Ojulari

By Bassey Udo

The Nigerian National Petroleum Company Limited (NNPC Ltd) has congratulated Chevron Nigeria Limited (CNL), operator of the NNPC Ltd/CNL Joint Venture.

The successful completion of the Awodi-07 appraisal and exploration well reinforces the capacity of the Nigerian National Petroleum Company Limited and the Chevron Nigeria Limited joint venture to contribute to Nigeria’s overall growth, the Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, has said.

Located in the shallow offshore section of western Niger Delta, the Awodi-07 oil well was drilled as part of the Joint Venture’s ongoing efforts to further delineate and unlock hydrocarbon potential within its asset portfolio.

Drilling operations commenced in late November 2025 and concluded in mid-December 2025, with all activities executed safely, efficiently, and in strict compliance with approved operational and regulatory standards.

Following the completion of comprehensive testing, logging, and data acquisition, the well was safely secured, bringing the programme to a successful close.

Report said results from the well were highly encouraging, confirming a significant presence of hydrocarbons across multiple reservoir zones.

This outcome represents a notable milestone for the NNPC Ltd/CNL Joint Venture, on strengthening confidence in the underlying asset and reinforcing the prospectivity of the area.

“The success of Awodi-07 further highlights the effectiveness of disciplined exploration, sound technical evaluation, and the strong operational collaboration between NNPC Ltd and its Joint Venture partner” Ojulari said.

While commending Chevron Nigeria Limited for its operational excellence, technical competence, and consistent delivery of value to Nigeria, Ojulari, the success of the Awodi-07 well further reinforces the strength of the NNPC Ltd/CNL Joint Venture and our shared commitment to responsibly growing Nigeria’s hydrocarbon reserves.

“This achievement aligns squarely with our strategic priorities of increasing production, enhancing national energy security, and delivering sustainable value for the Nigerian people,” he added.

Also speaking on the milestone, the Executive Vice President, Upstream, NNPC Ltd, Mr. Udy Ntia, described the Awodi-07 results as a clear demonstration of the value of sustained collaboration, technical rigour, and a stable, enabling operating environment.

“This discovery underscores the importance of disciplined exploration programmes, strong partnerships, and the positive impact of the reforms introduced under the Petroleum Industry Act. We look forward to working closely with Chevron Nigeria Limited to mature this opportunity and progress it towards timely development and monetisation.”

NNPC Limited and Chevron Nigeria Ltd work together under a joint venture agreement to operate several oil and gas fields in Nigeria’s Niger Delta.

In the partnership, Chevron owns 40 percent of the assets, while NNPC Limited holds the remaining share. The arrangement allows both companies to combine resources, expertise, and investment to develop Nigeria’s oil and gas resources more effectively.

Through this collaboration, the partners said their aim was to increase oil production to about 146,000 barrels per day, which would support government revenue, create jobs, and contribute to the country’s energy supply.

Previous Post

FG to settle Akwa Ibom, Cross River dispute over 76 oil wells, as RMAFC begins plotting coordinates of disputed/new oil wells

Next Post

NIES 2026: NNPC GCEO to lead high-level fireside chat on securing Nigeria’s energy future

Mediatracnet

Mediatracnet

Next Post
New helmsmen at NNPC Ltd, as Tinubu appoints Ojulari to take over from Kyari as GCEO

NIES 2026: NNPC GCEO to lead high-level fireside chat on securing Nigeria’s energy future

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business & Economy
  • Energy Transition & Global Environment
  • Labour & Productivity
  • News
  • Politics
  • Politics & Policy
  • Religion
  • Science & Technology
  • Social Business
  • Special Focus
  • Sport & Entertainment
  • Viewpoint & Comments
  • Visualisations
  • World
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 Mediatracnet - tracking news for community value... Powered by Zilisoft Tech.

No Result
View All Result
  • Home
  • News
  • Special Focus
  • Politics & Policy
  • Viewpoint & Comments

© 2023 Mediatracnet - tracking news for community value... Powered by Zilisoft Tech.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.