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    NNPCL confirms successful new oil well discovery in Niger Delta

    Vincent OsuwoBy Vincent OsuwoJanuary 26, 2026No Comments3 Mins Read
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    NNPC CEO Ojulari explains why state-owned refineries failed
    Bayo Ojulari, GCEO Nigerian National Petroleum Company (NNPC) Limited
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    The Nigerian National Petroleum Company Limited (NNPCL) congratulates Chevron Nigeria Limited on the successful completion of the Awodi-07 appraisal and exploration well in the shallow offshore western Niger Delta.

    Chevron Nigeria Limited manages the asset through the NNPC Ltd/CNL Joint Venture.

    The Awodi-07 well was drilled as part of the Joint Venture’s attempts to better understand and unlock hydrocarbon potential in its asset portfolio.

    Drilling activities began in late November 2025 and ended in mid-December 2025.

    According to the company, all activities were completed safely, efficiently, and in strict accordance with established operational and regulatory requirements. Following extensive testing, logging, and data collection, the well was safely secured, putting the program to an end.

    All of this was stated in a press release signed by Andy Odeh, Chief Corporate Communications Officer, NNPC Ltd, dated January 26, 2026.

    The Awodi-07 well results revealed a large occurrence of hydrocarbons across numerous reservoir zones, the report stated.

    NNPC Ltd described the outcome as a significant milestone for the Joint Venture, strengthening confidence in the asset and reinforcing its prospectivity. The company emphasized the importance of disciplined exploration, sound technical evaluation, and strong operational collaboration between both partners.

    Speaking on the development, the Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, commended Chevron Nigeria Limited for its performance.

    “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,” Ojulari said.

    “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.

    Commenting on the milestone, the Executive Vice President, Upstream, NNPC Ltd., Mr. Udy Ntia, described the results as evidence of the benefits of sustained collaboration and sector reforms.

    “This discovery underscores the importance of disciplined exploration programs, strong partnerships, and the positive impact of the reforms introduced under the Petroleum Industry Act,” Ntia said.

    “We look forward to working closely with Chevron Nigeria Limited to mature this opportunity and progress it towards timely development and monetization,” he added.

    According to the statement, NNPC Limited and Chevron Nigeria Ltd. have a joint venture agreement encompassing multiple oil and gas sites in Nigeria’s Niger Delta.

    Chevron owns 40% of the company, with the remaining part owned by NNPC Ltd. The cooperation is designed to bring together resources, experience, and investment to develop Nigeria’s oil and gas resources.

    The partners hope to raise oil output to 146,000 barrels per day through the Joint Venture, which will help to support government revenue, job creation, and national energy supplies.

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    Security operatives slump during Soludo’s second term inauguration

    Security operatives slump during Soludo’s second term inauguration

    March 17, 2026
    Damilola, KWAM 1’s daughter defends him over airport row

    2027: Damilola, KWAM1’s daughter declares ambition for Lagos Assembly

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