Chevron Highlights Regulatory Imperatives for Nigerian Oil and Gas Growth

Chevron Nigeria Limited has emphasized the importance of strengthening regulatory frameworks in the Nigerian oil and gas industry to enhance growth opportunities.

Speaking at the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Energy and Labour Summit, Jim Swartz, Chairman and Managing Director of Chevron companies in Nigeria and the Mid Africa Region, highlighted that a predictable, transparent, and efficient regulatory framework builds confidence and attracts investment.

Chevron has seen significant growth opportunities post-Petroleum Industry Act (PIA) 2021, with key drivers being exploration and new discoveries, infill drilling and brownfield optimisation as well as monetization and integrated developments.