Yemisi Izuora
Star Deep Water Petroleum Limited, a Chevron affiliate and operator of the Agbami unit, has won the bid for Petroleum Prospecting Licence (PPL) 2010 in 2025 licensing round in Nigeria.
The winners of the bid round were announced by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) after a competitive bidding process that saw other 30 companies winning various oil blocks.
Commenting on the development, the Vice President of Exploration at Chevron, Kevin McLachlan, said: “Chevron continues to evaluate high-potential exploration opportunities across our global portfolio, with Nigeria long being an important part of our business. This award reflects our disciplined approach to adding quality acreage to our portfolio.”
Chairman and Managing Director of Chevron companies in Nigeria and the Mid-Africa region, Jim Swartz, said: “We appreciate the efforts of the Nigerian Upstream Petroleum Regulatory Commission and all stakeholders in delivering a successful licensing round.
“Chevron remains committed to working collaboratively with the Nigerian government and our partners to support the development of Nigeria’s oil and gas industry and contribute to the country’s broader economic growth,” he added.
The company said the award of PPL 2010 supports its global exploration strategy, which combines technology-enabled exploration, disciplined portfolio management.
Beyond Nigeria, Chevron said it continues to advance exploration activities across Africa while growing a global portfolio to develop the energy needed to enable human progress.