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Chevron Nigeria Limited is a subsidiary of Chevron Corporation and it is one of the largest oil producers in Nigeria. It was previously operating in Nigeria under the business name of Gulf Oil Company until merger activities changed its name to Chevron Nigeria. After another merger by the parent company with Texaco, the Nigerian oil and gas ...
Previously known as Texaco Nigeria Plc, a firm whose activities in Nigeria dates back to 1969 when it was established to take over the Nigerian trading interest of Texaco Africa Limited. [3] In 2009, a consortium of MRS Holdings and Petroci Holdings bought majority stake from Chevron Oil and Gas to form MRS Oil Nigeria PLC. [4]
The project was developed by Chevron Nigeria Limited (75%) and the Nigerian National Petroleum Company (15%). [1] Sasol gained interest in the project early on, acquiring half of Chevron Nigeria's stake; however, due to increased cost and delays, Sasol reduced its stake to 10% in late 2008.
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Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas.The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is active in more than 180 countries.
Chevron Nigeria Limited (CNL): A joint venture between NNPC (60%) and Chevron (40%) has in the past been the second largest producer (approximately 400,000 barrels per day (64,000 cubic metres per day)), with fields located in the Warri region west of the Niger river and offshore in shallow water. It is reported to aim to increase production to ...
The project began in 1982, when the Economic Community of West African States (ECOWAS) proposed the development of a natural gas pipeline throughout West Africa. In 1991, a feasibility report conducted by the World Bank on supplying Nigerian gas to West African markets deemed that a project was commercially viable.
Agbami Field is an oil field in Nigeria. Discovered in late 1998, it was the second major deepwater oil field discovered off the Niger Delta, the first being Bonga Field by Shell. The field is located in nearly 1,500 meters (4,900 ft) of water off the central Niger Delta. The operator of the field is Star Deep Water Limited, an affiliate of ...