The Nigerian National Petroleum Company Limited (NNPC) and Chevron Nigeria Limited are targeting an increase in oil production to 146,000 barrels per day following the successful exploration of the Awodi-07 well in the shallow offshore western Niger Delta. The move is expected to enhance government revenue, create jobs, and strengthen Nigeria’s energy supply.

The Awodi-07 well, drilled as part of ongoing efforts by the NNPC Ltd/CNL Joint Venture to explore and expand hydrocarbon reserves, began operations in late November 2025 and was completed safely by mid-December.

According to NNPC spokesman Andy Odeh, the well confirmed substantial hydrocarbon deposits across multiple reservoir zones, marking a significant milestone for the joint venture.

“This success demonstrates the value of careful exploration, rigorous technical evaluation, and strong collaboration between NNPC Ltd and Chevron,” Odeh said.

NNPC Group Chief Executive Officer Bayo Ojulari praised Chevron for its technical expertise and operational efficiency, emphasizing that the achievement aligns with the company’s goals of boosting production, improving national energy security, and delivering long-term value for Nigerians.

Executive Vice President of Upstream, NNPC Ltd, Udy Ntia, added that the discovery underscores the benefits of sustained collaboration and the reforms introduced under the Petroleum Industry Act. He confirmed that both companies will work together to advance the Awodi-07 opportunity toward full development and commercialization.

Under the joint venture, Chevron holds a 40% stake in the assets, while NNPC Ltd retains the remaining 60%. This partnership allows both companies to pool resources and expertise to maximize the development of Nigeria’s oil and gas resources.

With the planned production increase to 146,000 barrels per day, the NNPC Ltd/CNL Joint Venture aims to strengthen Nigeria’s energy infrastructure while supporting the country’s economic growth.