NNPC Announces Major Breakthrough With New Oil Well Discovery

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Chevron Nigeria Limited has received congratulations from the Nigerian National Petroleum Company Limited for successfully completing the Awodi-07 appraisal and exploration well in the shallow offshore western Niger Delta.

The asset is managed by Chevron Nigeria Limited as part of the NNPC Ltd/CNL Joint Venture.

The Joint Venture’s attempts to further identify and develop hydrocarbon potential within its asset portfolio included the drilling of the Awodi-07 well.

Late November 2025 saw the start of drilling operations, which ended in mid-December 2025.

The corporation claims that all operations were completed safely, effectively, and strictly in accordance with authorised operational and regulatory standards. The program came to an end after the well was securely secured after thorough testing, logging, and data collection.

All of these were outlined in a news statement dated January 26, 2026, and signed by Andy Odeh, Chief Corporate Communications Officer, NNPC Ltd.

It stated that the Awodi-07 well’s results verified the substantial presence of hydrocarbons in several reservoir zones.

According to NNPC Ltd, the result was a significant turning point for the Joint Venture, bolstering the area’s prospectivity and boosting trust in the asset.

According to the company, the outcome demonstrated the value of methodical investigation, reliable technical assessment, and solid operational cooperation between both partners.

Engineer Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd., commented on the development and praised Chevron Nigeria Limited’s achievements.

Ojulari stated, “The success of the Awodi-07 well further reinforces the strength of the NNPC Ltd/CNL Joint Venture and our shared commitment to responsibly growing Nigeria’s hydrocarbon reserves.”

“This accomplishment is in line with our strategic priorities of boosting production, improving national energy security, and providing sustainable value for the Nigerian people,” he continued.

Speaking at the milestone as well, Mr. Udy Ntia, Executive Vice President, Upstream, NNPC Ltd., characterised the outcomes as proof of the advantages of persistent cooperation and sector changes.

According to Ntia, “this discovery highlights the significance of disciplined exploration programs, strong partnerships, and the positive impact of the reforms introduced under the Petroleum Industry Act.”

He continued, “We look forward to working closely with Chevron Nigeria Limited to mature this opportunity and advance it towards timely development and monetisation.”

The announcement states that a joint venture deal between NNPC Limited and Chevron Nigeria Ltd. covers a number of oil and gas fields in Nigeria’s Niger Delta.

According to the agreement, NNPC Ltd. controls the remaining portion, with Chevron holding a 40% stake. In order to develop Nigeria’s oil and gas resources, the partnership is set up to pool resources, knowledge, and capital.

The partners hope to boost oil output through the Joint Venture to roughly 146,000 barrels per day in order to enhance national energy supplies, job creation, and government revenue.


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