As Nigeria celebrates her 64th independence anniversary, Chevron is proud of its partnerships and role in developing its natural resources. In over six decades of operation, ChevronNigeria has continued to make significant investments in the country that support social and economic development.
The Chairman and Managing Director of Chevron Nigeria and Mid-Africa Business Unit, Jim Swartz, explains Chevron Nigeria’s business perspective: “We strive to build lasting relationships to help enable human progress now and into the future.”
According to Swartz, Chevron is one of the largest suppliers of natural gas to the domestic market and is proud of its continued track record of supplying natural gas that meets the specifications required for the Nigerian domestic market.
He stated that in addition to the production of over 7.5 billion barrels of oil and gas equivalent by Chevron Nigeria Limited’s (CNL) Joint Venture with Nigeria National Petroleum Company Limited (NNPCL) in Nigeria, CNL has been successful in leading and investing in four major projectsthat have added significant economic value and reduced flared gas.
The projects include:
- The Escravos Gas Processing facility to reduce flaring and enables the processing of natural gas for delivery to the domestic and regional markets.
- The Escravos Gas-to-Liquids facility to reduce gas flaring and produces high-quality products, including diesel and Naphtha.
- The ~700km West African Gas Pipeline (WAGP) led by Chevron in partnership with other private and state entities from the Economic Community of West African States, to supply gas to Benin, Togo, and Ghanato boost economic development in the sub-region.
- The Deepwater Agbami Floating Production, Storage, Offloading (FPSO) project which has produced over 1 billion barrels of oil.
- Chevron also owns nonproducing assets as well as partners with other companies for producing and non-producing fields.
CNL commends the Federal Government’s efforts to reposition the oil and gas industry for growth through the Petroleum Industry Act (PIA). CNL is committed to operationalizing the PIA and has achieved key milestones, including renewing critical deep-water leases for the next twenty years. The NNPCL/CNL Joint Venture was among the first companies to convert their leases to Petroleum Prospecting Licenses (PPLs) and Petroleum Mining Leases (PMLs) in accordance with the provisions of the Petroleum Industry Act.
CNL believes that its business success in providing affordable, reliable, ever-cleaner energy is directly tied to the progress and prosperity of the people we work with and the communities where we operate. For this reason, the company continues to support the Federal Government’s Nigerian Content Development (NCD) policy aimed at building indigenous capacity in the nation’s oil and gas industry. This policy is driven by the vision of being recognized as the energy company that works best to foster competence and competitiveness among Nigerian Indigenous contractors and suppliers by adopting the participatory partnership model.
Olusoga Oduselu, CNL’s General Manager, Policy, Government, and Public Affairs, highlighted CNL’s focus on the development of communities in the Niger Delta through the Global Memorandum of Understanding (GMoU),a community-driven, participatory partnership model for community engagement it pioneered in 2005.
“Through the GMoU, we provided funds to execute hundreds of projects in the communities where we operate in the Niger Delta region. This has led to social investment projects benefitting over 600 communities in the Niger Delta area. We are leveraging our experience with the GMoU in the implementation of the Host Community Development Trust (HCDT) provisions of the PIA”, he stated. “In 2010, Chevron established the Partnership Initiatives in the Niger Delta (PIND), a non-profit organization working with partners to complement the GMoU, to build peace and address macro socio-economic issues in the Niger Delta region. PIND’s programs have continued to create social and economic impacts through the twin pillars of economic development and peacebuilding, leading to increased productivity, jobs, and reduced conflict,” Olusoga said.
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