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Nigeria

highlights of operations

Chevron is one of the largest oil producers in Nigeria and one of its largest investors.

In Nigeria, we operate under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region.

Chevron also has extensive interests in multipartner deepwater operations. We operate the Agbami Field, one of Nigeria’s largest deepwater discoveries. We also have a nonoperated interest in the Usan Field.

business portfolio

exploration and production

Through Chevron’s principal subsidiary in Nigeria, Chevron Nigeria Limited (CNL), the company operates and holds a 40 percent interest in eight concessions in the onshore and near-onshore regions of the Niger Delta under a joint-venture arrangement with the NNPC. Chevron also does business through other subsidiaries in Nigeria.

Deep water
Chevron has interests, ranging from 20 to 100 percent, in three operated and six nonoperated deepwater blocks in Nigeria.

Chevron operates the Agbami Field, which lies 70 miles (113 km) off the coast of the central Niger Delta region and spans 45,000 acres (182 sq km). Discovered in 1998, the Agbami Field is at a water depth of approximately 4,800 feet (1,463 m). Chevron has a 67.3 percent interest in the field.

Agbami is a subsea development with wells tied back to a floating production, storage and offloading (FPSO) vessel. The original Agbami development scope (Agbami 1, 2 and 3) is complete. To offset field decline, infill drilling continued in 2019.

Chevron has a 30 percent nonoperated working interest in the Usan Field, in 2,461 feet (750 m) of water, 62 miles (100 km) off the coast of the eastern Niger Delta region.

The Aparo Field and the third-party-owned Bonga SW Field share a common geologic structure and are planned to be developed jointly. The structure lies in 4,300 feet (1,311 m) of water, 70 miles (113 km) off the coast of the western Niger Delta region. The proposed development plan involves subsea wells tied back to an FPSO vessel. Work continues toward a final investment decision.

Exploration
Chevron operates and has a 55 percent interest in Oil Mining Lease (OML) 140. The block lies in roughly 8,000 feet (2,438 m) of water, 90 miles (145 km) off the coast of the western Niger Delta region, and includes the Nsiko discoveries. Chevron’s 30 percent nonoperated working interest in OML 138 includes the Usan Field and several satellite discoveries and a 27 percent interest in adjacent licenses OML 139 and OML 154. We are working with the operator to evaluate development options for the multiple discoveries in the Usan area, including the Owowo Field which straddles OML 139 and OML 154.

Natural gas
Chevron is involved in natural gas projects in the western Niger Delta and Escravos areas, including the Escravos Gas Plant (EGP), the Escravos Gas-to-Liquids (EGTL) facility and the Sonam Field Development Project.

CNL operates the EGP, which has a total capacity of 680 million cubic feet per day of natural gas and LPG and a condensate export capacity of 58,000 barrels per day. Chevron and the NNPC operate the EGTL facility, a 33,000-barrel-per-day gas-to-liquids plant.

The Sonam Field Development Project is designed to process natural gas through the EGP and deliver it to the domestic gas market. Net production at the 40 percent-owned and operated project averaged 11,000 barrels of liquids and 89 million cubic feet of natural gas per day in 2019.

With a 36.7 percent interest, Chevron is the largest shareholder in the West African Gas Pipeline Company Limited, which owns and operates the 421-mile (678-km) West African Gas Pipeline. The pipeline supplies customers in Benin, Ghana and Togo with Nigerian natural gas for power generation and industrial applications. It has the capacity to transport approximately 170 million cubic feet of natural gas per day.

in the community

Chevron takes its role as a corporate citizen in Nigeria seriously and is active in many projects that promote health, education and economic development.

responding to needs in the niger delta

In 2005, CNL adopted the Global Memorandum of Understanding as a new approach to community engagement in the Niger Delta, giving communities a greater role in managing their development through Regional Development Committees. Since then, the NNPC/Chevron joint venture has spent more than $118 million on roughly 600 programs that have provided scholarships; built new schools, medical facilities and housing; and supported agriculture development and infrastructure improvements.

In 2011, Chevron announced its $50 million alliance with the U.S. Agency for International Development and the Niger Delta Partnership Initiative (NDPI) Foundation to support a portfolio of programs designed to address socioeconomic challenges in the Niger Delta region. The Foundation for Partnership Initiatives in the Niger Delta (PIND) was incorporated in Nigeria to implement and support these programs. In 2014, Chevron committed an additional $40 million in funding to the NDPI through 2019.

NDPI and PIND complement Chevron’s existing social investment efforts by focusing on one strategic objective: achieving a peaceful, enabling environment for equitable growth in the Niger Delta.

fighting HIV/AIDS in Nigeria

Chevron helps fight the spread of HIV/AIDS in Nigeria

In 2008, we directed $5 million of the $30 million we contributed to the Global Fund to Fight AIDS, Tuberculosis and Malaria to Nigeria’s National Agency for the Control of AIDS in support of AIDS treatment programs. In 2015, Chevron committed an additional $5 million to Nigeria through the Global Fund to support prevention of mother-to-child transmission (PMTCT) of HIV.

In 2012, Chevron partnered with Born Free Africa to help develop capacity within state ministries of health. The partnership supported PMTCT of HIV activities in Nassarawa, Bayelsa and Rivers states – helping equip more than 670 health facilities.

That same year, Chevron announced a partnership with the nongovernmental organization (NGO) Pact to support PMTCT efforts. In 2014, we committed an additional $1.7 million to the PROMOT project, a PMTCT initiative in Bayelsa state that works with community-based organizations and local governments to provide education and testing services. More than 53,600 pregnant women have been tested for HIV and received counseling. The second phase of the PROMOT project was launched in 2016 when Chevron provided $1.43 million to support Pact’s two-year PMTCT program in Bayelsa state.

supporting public health

Our Roll Back Malaria initiative, which was launched in 2006, provides financial and volunteer support to pregnant women and children under age 5. The program served more than 60,000 people in 2017.

To support early diagnosis and treatment of tuberculosis and other chest and lung diseases, Chevron and its Agbami partners have donated 25 chest clinics to hospitals since 2008. The clinics are equipped with X-ray units, consulting rooms, laboratories and wards.

In 2014, Chevron donated the Molecular Biology Research Laboratory to the University of Lagos Teaching Hospital. The lab is equipped with tools to diagnose, manage and treat people with genetic abnormalities. Since opening, the lab has conducted more than 1,300 DNA extractions and amplifications – processes that help diagnose diseases and conditions. In 2014, the lab also helped detect the first case of Ebola in Nigeria.

helping students

In 2009, Chevron and its Agbami partners initiated the Medical and Engineering Professionals scholarship program. More than 16,000 college students have benefited from the program. Of those, 456 have graduated with first-class honors.

We also support the Scholarship for the Blind program, which aids visually challenged students in the states where we operate.

Chevron and its deepwater partners have supported secondary schools in Nigeria by building and equipping 33 science laboratories and 18 hybrid – electronic and conventional – libraries. These initiatives have contributed to the education of more than 16,000 students across 33 states.

care for the environment

In the Lagos area, Chevron funds the Lekki Conservation Centre, a 190-acre (0.8-sq-km) sanctuary that protects the flora and fauna of the Lekki Peninsula by promoting sound environmental practices through research and education. The sanctuary is the only one of its kind in the area.

record of achievement

Chevron began doing business in Nigeria in 1913, when Texaco® products were first marketed in the country.

Following the Nigerian Indigenization Decree of 1978, Chevron divested 40 percent of its shareholdings in Chevron Oil Nigeria PLC to the Nigerian public while retaining 60 percent equity.

In 1996, we built our state-of-the-art storage terminal and loading facility in Apapa. The facility has a 103,000-barrel capacity.

Our energy exploration and production work in Nigeria began more than 50 years ago.

In 1963, American Overseas Petroleum Ltd. – which later became Texaco Overseas (Nigeria) Petroleum Co. – discovered oil at the Koluama Field, offshore Nigeria. In that same year, CNL started drilling near the Escravos River and found the Okan Field.

Discovered in 1998, the Agbami Field is one of the largest deepwater finds in Nigeria’s history.

health, environment and safety

In 2004, Chevron upgraded the Okan Platform, installed in 1963, and other mature platforms to improve pollution prevention measures and safety systems.

Chevron is working across its operations to eliminate routine gas flaring and venting in line with company requirements and local regulations.

economy

Chevron is committed to the Nigerian government’s policy on local content development. CNL fosters strong business partnerships with local service providers and product suppliers and works to increase their professional capabilities. CNL’s Local Community Content Development team promotes commerce with local businesses.

Cautionary Statement

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER IMPORTANT LEGAL DISCLAIMERS

This website contains forward-looking images and statements relating to Chevron’s operations and lower carbon strategy that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “progress,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions, and variations or negatives of these words, are intended to identify such forward-looking statements, but not all forward-looking statements include such words. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Our ability to achieve any aspiration, target or objective outlined in this report is subject to numerous risks, many of which are outside of our control. Examples of such risks include: (1) sufficient and substantial advances in technology, including the continuing progress of commercially viable technologies and low- or non-carbon-based energy sources; (2) laws, governmental regulation, policies, and other enabling actions, including those regarding subsidies, tax and other incentives as well as the granting of necessary permits by governing authorities; (3) the availability and acceptability of cost-effective, verifiable carbon credits; (4) the availability of suppliers that can meet our sustainability-related standards; (5) evolving regulatory requirements, including changes to IPCC’s Global Warming Potentials and U.S. EPA Greenhouse Gas Reporting Program, affecting ESG standards or disclosures; (6) evolving standards for tracking and reporting on emissions and emissions reductions and removals; (7) customers’ and consumers’ preferences and use of the company’s products or substitute products; (8) actions taken by the company’s competitors in response to legislation and regulations; and (9) successful negotiations for carbon capture and storage and nature-based solutions. Further, standards of measurement and performance set forth in this report made in reference to our environmental, social, governance, and other sustainability plans, goals and targets may be based on protocols, processes and assumptions that continue to evolve and are subject to change in the future, including due to the impact of future regulation. The reader should not place undue reliance on these forward-looking statements. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic, market and political conditions, including the military conflict between Russia and Ukraine, the conflict in Israel and the global response to these hostilities; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings and efficiencies associated with enterprise structural cost reduction initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures related to greenhouse gas emissions and climate change; the potential liability resulting from pending or future litigation; the risk that regulatory approvals and clearances related to the Hess Corporation (Hess) transaction are not obtained or are obtained subject to conditions that are not anticipated by the company and Hess; potential delays in consummating the Hess transaction, including as a result of the ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement; risks that such ongoing arbitration is not satisfactorily resolved and the potential transaction fails to be consummated; uncertainties as to whether the potential transaction, if consummated, will achieve its anticipated economic benefits, including as a result of risks associated with third party contracts containing material consent, anti-assignment, transfer or other provisions that may be related to the potential transaction that are not waived or otherwise satisfactorily resolved; the company’s ability to integrate Hess’ operations in a successful manner and in the expected time period; the possibility that any of the anticipated benefits and projected synergies of the potential transaction will not be realized or will not be realized within the expected time period; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; higher inflation and related impacts; material reductions in corporate liquidity and access to debt markets; changes to the company’s capital allocation strategies; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 26 of the company’s 2023 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed on this website could also have material adverse effects on forward-looking statements.

For the latest figures, view the 2023 Supplement to the Annual Report.