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CNL restates commitment to Nigeria


Sopuruchi Onwuka

American multinational oil firm, Chevron, says it has no immediate intention to exit Nigeria where it holds operating rights on several petroleum assets in onshore, swamp, shallow water deepwater locations in the Niger Delta.

Spokesman of the company, Esimaje Brikinn, stated in a media release that the company which has divested some onshore assets would however continue to press for better policy, regulatory and commercial environment for the Nigeria operating environment.

The statement came in response to some media reports inferring that the company was considering exit from its Nigerian play.

Mr Brikinn described the reports alleging that Chevron plans to exit Nigeria as misleading, explaining that the allegation is untrue and does not represent the position of Chevron in Nigeria.

The statement was particular about a local unit of the company, Chevron Nigeria Limited, which operates joint venture with the Nigerian National Petroleum Company Limited.

“Please note that CNL remains committed to sustaining the existing mutually beneficial and long-term relationship with Nigeria and other stakeholders as demonstrated by our significant economic and social investments in Nigeria over the last six decades. These investments have generated visible and viable socio-economic development in several communities across Nigeria,” he stated.

“CNL will, along with industry peers in Nigeria, continue to engage the government on policies and opportunities to ensure global competitiveness and sustainability of the petroleum industry,” he added.

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