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NNPC Ltd Commends Chevron Nigeria Ltd on Successful Awodi-07 Discovery

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<p><&excl;-- BEGIN THEIA POST SLIDER --><&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;98&period;1 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&nbsp&semi;<&sol;p><div class&equals;"vHL68YcZ" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>The Nigerian National Petroleum Company Limited &lpar;NNPC Ltd&rpar; has congratulated Chevron Nigeria Limited &lpar;CNL&rpar;&comma; operator of the NNPC Ltd&sol;CNL Joint Venture&comma; on the successful completion of the Awodi-07 appraisal and exploration well located in the shallow offshore western Niger Delta&period;<&sol;p><div class&equals;"0bQcT7xT" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>The Awodi-07 well was drilled as part of the Joint Venture’s ongoing efforts to further delineate and unlock hydrocarbon potential within its asset portfolio&period; Drilling operations commenced in late November 2025 and were concluded in mid-December 2025&comma; with all activities executed safely&comma; efficiently&comma; and in strict compliance with approved operational and regulatory standards&period; Following the completion of comprehensive testing&comma; logging&comma; and data acquisition&comma; the well was safely secured&comma; bringing the programme to a successful close&period;<&sol;p>&NewLine;<p>Results from the well are highly encouraging&comma; confirming a significant presence of hydrocarbons across multiple reservoir zones&period; This outcome represents a notable milestone for the NNPC Ltd&sol;CNL Joint Venture&comma;on strengthening confidence in the underlying asset and reinforcing the prospectivity of the area&period; The success of Awodi-07 further highlights the effectiveness of disciplined exploration&comma; sound technical evaluation&comma; and the strong operational collaboration between NNPC Ltd and its Joint Venture partner&period;<&sol;p>&NewLine;<p>Commenting on the achievement&comma; the Group Chief Executive Officer of NNPC Ltd&comma; Engr&period; Bashir Bayo Ojulari&comma; commended Chevron Nigeria Limited for its operational excellence&comma; technical competence&comma; and consistent delivery of value&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;98&period;1 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<div class&equals;"PotgmBnX" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block&semi; text-align&colon;center&semi;" &NewLine; data-ad-layout&equals;"in-article" &NewLine; data-ad-format&equals;"fluid" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"6550225277"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>He stated&colon; &OpenCurlyDoubleQuote;The success of the Awodi-07 well further reinforces the strength of the NNPC Ltd&sol;CNL Joint Venture and our shared commitment to responsibly growing Nigeria’s hydrocarbon reserves&period; This achievement aligns squarely with our strategic priorities of increasing production&comma; enhancing national energy security&comma; and delivering sustainable value for the Nigerian people&period;”<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;98&period;1 -->&NewLine;<div class&equals;"quads-location quads-ad5" id&equals;"quads-ad5" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>Also speaking on the milestone&comma; the Executive Vice President&comma; Upstream&comma; NNPC Ltd&comma; Mr&period; Udy Ntia&comma; described the Awodi-07 results as a clear demonstration of the value of sustained collaboration&comma; technical rigour&comma; and a stable&comma; enabling operating environment&period;<&sol;p>&NewLine;<p>According to him&colon; &OpenCurlyDoubleQuote;This discovery underscores the importance of disciplined exploration programmes&comma; strong partnerships&comma; and the positive impact of the reforms introduced under the Petroleum Industry Act&period; We look forward to working closely with Chevron Nigeria Limited to mature this opportunity and progress it towards timely development and monetisation&period;”<&sol;p>&NewLine;<p>NNPC Limited and Chevron Nigeria Ltd work together under a joint venture agreement to operate several oil and gas fields in Nigeria’s Niger Delta&period; In this partnership&comma; Chevron owns 40 per cent of the assets&comma; while NNPC Limited holds the remaining share&period; The arrangement allows both companies to combine resources&comma; expertise&comma; and investment to develop Nigeria’s oil and gas resources more effectively&period;<&sol;p>&NewLine;<p>Through this collaboration&comma; the partners aim to increase oil production to about 146&comma;000 barrels per day&comma; which would support government revenue&comma; create jobs&comma; and contribute to the country’s energy supply&period;<&sol;p>&NewLine;<p>Signed&colon;<br &sol;>&NewLine;Andy Odeh<br &sol;>&NewLine;Chief Corporate Communications Officer<br &sol;>&NewLine;NNPC Ltd<br &sol;>&NewLine;26th January 2026<&sol;p>&NewLine;<p><&excl;-- END THEIA POST SLIDER -->&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;98&period;1 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<&sol;p>&NewLine;<script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-format&equals;"autorelaxed" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"1004305389"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;98&period;1 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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