Chevron Nigeria Ltd. (CNL) says 1.4 billion dollars financing has been secured to fund the Nigerian National Petroleum Corporation (NNPC)/CNL Joint Venture (JV) infill drilling project from 2022 to 2026.
CNL’s, General Manager, Policy, Government and Public Affairs, Mr Esimaje Brikinn made the disclosure in a statement on Friday.
According to him, the project includes the drilling of 37 wells in the offshore and onshore Escravos area of Delta.
“This project will help to monetise reserves and increase production by arresting decline and supporting domestic gas supply.
“The project is in alignment with the NNPC/CNL JV’s lower carbon ambitions and helps support a lower carbon future through increased gas resources for commercialisation, “ he said.
He reiterate that NNPC/CNL JV was one of the largest producers and investors in Nigeria.
“CNL has operated in Nigeria for more than 60 years and we are committed to supporting the country in developing its energy resources for the benefit of its people.
