Close Menu
Chronicle NG
    Trending Stories
    Court to hear appeals on PDP national convention Thursday

    Court nullifies recognition of factional PDP caretaker committee

    June 5, 2026
    Police IG Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    Police deny death of Oyo schoolchild in captivity

    June 5, 2026
    Florentino Perez re-elected as Real Madrid president until 2029

    Florentino Perez promises biggest deal in Real Madrid’s history

    June 5, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Court nullifies recognition of factional PDP caretaker committee
    • Police deny death of Oyo schoolchild in captivity
    • Florentino Perez promises biggest deal in Real Madrid’s history
    • FIFA regrets free ticket error, urges fans to pay
    • Tiwa Savage speaks on backlash over insecurity comments
    • Lamine Yamal named La Liga player of the year
    • FIFA bans laser pointers, vuvuzelas from 2026 World Cup stadiums
    • Otti unveils 35,000-capacity FIFA-standard stadium plan in Aba
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Saturday, June 6
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    NNPCL confirms successful new oil well discovery in Niger Delta

    Vincent OsuwoBy Vincent OsuwoJanuary 26, 2026No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    NNPC says Nigeria is top energy investment destination
    Bayo Ojulari, GCEO Nigerian National Petroleum Company (NNPC) Limited
    Facebook Twitter WhatsApp

    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.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Court to hear appeals on PDP national convention Thursday

    Court nullifies recognition of factional PDP caretaker committee

    Police IG Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    Police deny death of Oyo schoolchild in captivity

    Tiwa Savage speaking in an interview and reacting to public criticism over comments on insecurity shared on social media.

    Tiwa Savage speaks on backlash over insecurity comments

    Otti unveils 35,000-capacity FIFA-standard stadium plan in Aba

    Otti unveils 35,000-capacity FIFA-standard stadium plan in Aba

    Kwam 1 and Obesere speaking in separate video clips calling for stronger action against insecurity in Nigeria.

    Don’t leave South-West security for Tinubu alone, Kwam 1 tells Igboho, Gani Adams

    EFCC arraigns Blessing CEO over N36m fraud

    Blessing CEO remains in custody as court puts bail application on hold

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Court to hear appeals on PDP national convention Thursday

    Court nullifies recognition of factional PDP caretaker committee

    June 5, 2026
    Police IG Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    Police deny death of Oyo schoolchild in captivity

    June 5, 2026
    Florentino Perez re-elected as Real Madrid president until 2029

    Florentino Perez promises biggest deal in Real Madrid’s history

    June 5, 2026
    FIFA

    FIFA regrets free ticket error, urges fans to pay

    June 5, 2026
    Tiwa Savage speaking in an interview and reacting to public criticism over comments on insecurity shared on social media.

    Tiwa Savage speaks on backlash over insecurity comments

    June 5, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.