Chevron drills 22 of 36 wells under $1.2bn deal

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Chevron Nigeria has concluded slightly less than two thirds of the drilling funded by a consortium of Nigerian and international lenders, led by Standard Chartered Bank and UBA.

According to Africa Oil & Gas Report, the $1.2billion transaction, signed in September 2015, was projected to fund 36 wells with a projected peak incremental production of 41,000 barrels of crude oil per day and 127million standard cubic feet of gas per day (MMscf/d), according to a statement by the NNPC, the senior partner in the NNPC/Chevron JV, of which Chevron is the operator.

16 of the 22 wells drilled so far are in the swamp, in the Gbokoda field in Oil Mining Lease (OML) 49 and were drilled by the rig OES Respect. The remaining six wells, drilled in shallow water, were drilled by Shelf Drilling’s Trident 8, on the Okan field, in OML 90.