Chevron discovers new exploration ways to boost Nigeria’s hydrocarbon reserves

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Chevron Nigeria Limited has identified more exploration activities to increase Nigeria’s overall hydrocarbon reserves.
The oil major’s General Manager, Asset Development and Exploration, Kunle Adeyemo, told stakeholders during a panel discussion in Lagos.

Speaking at the 2018 Nigerian Association of Petroleum Explorationists (NAPE) annual international conference and exhibition, Adeyemo noted that the call for organic growth in the nation’s oil and gas industry was in order, given the need to increase the reserves/resources to respond to the growing demand for energy and join in the discourse on appropriate energy mix for the future.

He said the reserve/resource volumes were largely dependent on the recovery mechanism employed, coupled with other geologic factors, reservoir/fluid properties and size of the asset.

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