Chevron Nigeria Records Zero Oil Theft in 2025 — ‘Longest Period Without Attacks’, Says Chair
Chevron Nigeria says it has recorded zero incidents of sabotage in the last one year.
“Chevron has not recorded any oil theft or attacks on our pipelines this year. This is the longest we’ve gone without oil theft,” Jim Swartz, chairman and managing director of Chevron Nigeria/Mid-Africa Business Unit, said.
He hailed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as a business enabler and has expressed its intention to participate in the 2025 licensing round.
Speaking during a visit to the NUPRC’s corporate headquarters in Abuja on Thursday, he said: “We will participate in the next licensing round. Our intention is to continue to grow in Nigeria.”
The Chevron boss praised the Commission Chief Executive, Gbenga Komolafe, for his visionary leadership and for ensuring that the Petroleum Industry Act is enforced to the letter.
“My assessment is that you have continued to support us. You have shown that Nigeria is a leader in this sector. Chevron specifically appreciates the enforcement of the willing buyer, willing seller provision.
“The NUPRC listens. The NUPRC supports business. As a regulator, the NUPRC is transparent.”
Mr. Swartz revealed that TotalEnergies Nigeria had signed a farm-out agreement with Chevron for a 40% stake in the PPL 2000 and PPL 2001 offshore exploration licences in Nigeria.
He said Chevron was looking to the NUPRC for a swift approval as it sought to develop the assets quickly.
In his remarks, the NUPRC helmsman, Engineer Gbenga Komolafe, said Chevron’s decision to take part in the 2025 licensing round was evidence that Nigeria remained a key investment destination.
“We are committed to delivering a transparent licensing round which will even be better than that of 2024. It will be transparent and digital. Our portal has gone live and we have 50 fields on offer.”
Engineer Komolafe also expressed delight over Chevron’s testimony that it had recorded zero incidents of oil theft in the last 12 months. He attributed the development to initiatives by President Bola Tinubu administration and security agencies.
