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13-Jun-2017 01:36

It has the capacity to transport approximately 170 million cubic feet of natural gas per day.Chevron takes its role as a corporate citizen in Nigeria seriously and is active in many projects that promote health, education and economic development.Spending is being paced until market conditions and reductions in project costs are sufficient to support the development of this project.Exploration Chevron operates and has a 55 percent interest in Oil Mining Lease 140.The block lies in roughly 8,000 feet (2,438 m) of water, 90 miles (145 km) off the coast of the western Niger Delta region, and includes the Nsiko discoveries.We plan to continue evaluating development options for these discoveries.In 2011, Chevron announced its million alliance with the U. Agency for International Development and the Niger Delta Partnership Initiative (NDPI) Foundation to support a portfolio of programs designed to address socioeconomic challenges in the Niger Delta region.The Foundation for Partnership Initiatives in the Niger Delta (PIND) was incorporated in Nigeria to implement and support these programs.

The NDPI and PIND complement Chevron’s existing social investment efforts by focusing on one strategic objective: achieving a peaceful, enabling environment for equitable growth in the Niger Delta.We also have a nonoperated interest in the Usan Field.Through Chevron’s principal subsidiary in Nigeria, Chevron Nigeria Limited (CNL), the company operates and holds a 40 percent interest in eight concessions in the onshore and near-onshore regions of the Niger Delta under a joint-venture arrangement with the NNPC.Chevron is one of the largest oil producers in Nigeria and one of its largest investors.

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In Nigeria, we operate under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region.In the Usan area, a discovery was made in 2016 at the Owowo prospect.