Chevron pledges commitment to growing oil sector, Nigeria’s economy

Mr Clay Neff, the Managing Director, Chevron Nigeria Limited (CNL), said the company was committed to being a partner of choice that focused on building productive and beneficial relationships.

Neff said partnership was a core Chevron value and it was ever committed to enhancing the growth of the sector and the economy in general.

Neff was speaking at the Nigeria Oil and Gas (NOG) Conference and Exhibition in Abuja.

The Chairman, who was excited with the level of partnership existing between the company and indigenous/foreign players in the oil and gas industry in Nigeria, pledged to sustain it.

He said the company would continue to explore available opportunity that would enable it to establish best practices and practical sustainable solutions for Nigeria to continue its journey towards transformation and growth.

He said the conference gave the company the chance to meet, network and share ideas on ways to collectively move the Nigerian oil and gas industry forward.

“The theme for this year’s NOG, `The Journey Towards Transformation,’ is apt and appropriate, considering the over 50 per cent fall in the price of oil and other factors affecting the oil and gas business in Nigeria.”

He said Chevron was the third-largest oil producer in Nigeria and one of its largest investors operating under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC)

He said it had assets on land and in swamp and near-offshore concessions covering approximately 8,900 sq km in the Niger Delta area.

He said that Chevron also had extensive interests in deepwater Nigeria, stressing that it operated the Agbami Field, one of Nigeria’s largest deepwater discoveries.

According to him, it also has a non-operated interest in another major deepwater development, the Usan Project.

(NAN)