Chevron Advocates Pragmatic Approach to the Future of Energy at NOG 2025

Chairman and Managing Director of Chevron companies in Nigeria, Jim Swartz, has called for a balanced and pragmatic approach to Nigeria’s energy future, emphasizing the need to meet growing demand while ensuring the availability of affordable, reliable, and ever-cleaner energy.

Swartz made this known during a strategic panel session titled “Pragmatically Achieving Energy Abundance” at the 2025 Nigeria Oil and Gas (NOG) Energy Week held in Abuja.

Highlighting the importance of aligning economic prosperity, energy security, and environmental protection, Swartz reaffirmed Chevron’s commitment to a lower-carbon energy future, stating that oil and gas will continue to play a significant role in the energy mix for the foreseeable future.

“Chevron leverages its strengths to safely deliver lower-carbon energy to a growing world,” Swartz said. “We are continuously adapting, improving our processes, and building resilience to remain competitive and ensure long-term profitability.”

He noted that Chevron Nigeria is on a transformation journey under a strategic roadmap dubbed the “North Star.” The key pillars of this strategy include:

• Improving Base Business

• Growing Production

• Monetizing Gas Resources

Swartz also highlighted Chevron’s unique positioning in Nigeria’s oil and gas landscape, noting that it is the only International Oil Company (IOC) maintaining operations across Onshore, Shallow Water, and Deepwater assets. Additionally, Chevron has been among the first to convert all its Joint Venture and Agbami leases under the Petroleum Industry Act (PIA), paving the way for further exploration and development.

Detailing the company’s recent growth efforts, Swartz outlined several strategic initiatives, including:

• The farm-in into OPL 215 to boost deepwater development opportunities

• A 20-year renewal of three deepwater leases

• Completion of seismic data acquisition in deepwater assets

• An ongoing shallow water infill drilling program utilizing two rigs

• The drilling of exploration wells and fast-tracking production from the Meji NW discovery

He further emphasized the critical role of technology in increasing operational efficiency and informed decision-making. According to him, Chevron continues to explore opportunities in digital transformation, renewable energy, smart grid technologies, supply chain optimization, and environmental monitoring.

Swartz expressed appreciation to the Federal Government of Nigeria for ongoing reforms in the oil and gas sector and urged for stronger collaboration between the government, private sector, and other stakeholders to enhance the industry’s global competitiveness.

“Chevron takes a long view of Nigeria, and we look forward to being part of the country’s prosperous future,” he concluded.