Star Deep Water Petroleum Limited, a Chevron company and operator of the Agbami unit, has won the bid for Petroleum Prospecting Licence, PPL, 2010 in Nigeria’s 2025 licensing round.
The winners were announced by the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, in Abuja on Tuesday.
“Chevron continues to evaluate high-potential exploration opportunities across our global portfolio, with Nigeria long being an important part of our business,” said Kevin McLachlan, Vice President of Exploration at Chevron.
A statement by Olusoga Oduselu, Chief Corporate Affairs Officer, quoted him as saying that the award reflects the company’s disciplined approach to adding quality acreage to our portfolio.”
“We appreciate the efforts of the Nigerian Upstream Petroleum Regulatory Commission and all stakeholders in delivering a successful licensing round,” said Jim Swartz, Chairman and Managing Director of Chevron companies in Nigeria and the Mid-Africa region.
“Chevron remains committed to working collaboratively with the Nigerian government and our partners to support the development of Nigeria’s oil and gas industry and contribute to the country’s broader economic growth,” he added.
The award of PPL 2010 supports Chevron’s global exploration strategy, which combines technology-enabled exploration, disciplined portfolio management and selective entry into high-potential opportunities, the statement added.
