Chevron Nigeria Limited (CNL) has debunked the report alleging that it plans to exit Nigeria. The General Manager, Policy, Government and Public Affairs, Chevron Nigeria Limited, Esimaje Brikinn, in a statement, to The Guardian said: “CNL is aware of a misleading media report alleging that Chevron plans to exit Nigeria. Please note that the allegation is untrue and does not represent the position of Chevron in Nigeria,”
Brikinn said that CNL remains committed to sustaining the existing mutually beneficial and long-term relationship with Nigeria and other stakeholders as demonstrated by its significant economic and social investments in Nigeria over the last six decades.
These investments, according to him, have generated visible and viable socio-economic development in several communities across Nigeria.
“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 assured.
Chevron is one of the largest oil producers in Nigeria. It operates under a joint-venture arrangement with the Nigerian National Petroleum Company (NNPC) for the onshore and offshore assets in the Niger Delta region.
Chevron also has extensive interests in multi-partner deepwater operations. It operates the Agbami field, one of Nigeria’s largest deepwater discoveries. It also has a non-operated interest in the Usan Field.
NNPC/Chevron joint venture has spent more than $118 million on roughly 600 programmes that have provided scholarships; built new schools, medical facilities and housing; and supported agriculture development and infrastructure improvements in the country.