Chevron Nigeria Limited (CNL) and its related companies have done business in Nigeria for more than 90 years. CNL's workforce totals more than 2,000 employees of which 90 percent is Nigerian.
CNL's commitment to the nation and its citizens involves investment in crude oil and natural gas exploration and production, which is used locally and exported abroad. CNL also plays an active role in Nigeria as a community partner, supporting numerous projects ranging from health to education to community development.
"Nigeria boasts one of the world's fastest growing economies," said Fred Nelson, CNL managing director. "It ranks among the most ethnically and linguistically diverse countries."
CNL operates under a joint-venture arrangement with the Nigerian National Petroleum Corporation, predominantly in the onshore and near-offshore regions of the Niger Delta.
In 2007, total daily production averaged more than 350,000 barrels of crude oil, 14 million cubic feet of natural gas and 4,000 barrels of liquefied petroleum gas. The company's net oil-equivalent production in 2007 was 129,000 barrels per day.
The company is investing in many new projects to grow production of oil and natural gas and help create jobs. The Agbami project, one of the largest deepwater discoveries in Nigeria's history, came onstream this year after more than 10 years in development. The project meant jobs for Nigerians working on the infrastructure that will produce the oil. It also will mean additional oil royalties and tax revenues for Nigeria's citizens.
CNL and its partners are looking to develop additional projects in Nigeria, including the Usan, Bonga SW/Aparo and Nsiko oil and gas projects; the Escravos gas plant and gas-to-liquids project; and the Olokola liquefied natural gas project. Chevron is also a partner in the West Africa Gas Pipeline, which is a 400-mile (644-km) pipeline for the export of natural gas from the Niger Delta region to neighboring countries Benin, Ghana and Togo.
Updated: October 2008