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flag Chevron joins Nigeria’s 2025 oil auction, plans 2026 offshore drilling amid improved security and regulations.

flag Chevron will join Nigeria’s 2025 oil licensing auction and plans to deploy a drilling rig offshore in late 2026, citing improved regulations under the Petroleum Industry Act and stronger security in the Niger Delta. flag The company is awaiting approval for a 40% stake in two offshore blocks from TotalEnergies and aims to expand operations near the Agbami field. flag Nigeria’s upstream regulator reports increased investment confidence, with the digital auction offering 50 fields to boost production. flag Chevron noted its longest uninterrupted period without oil theft or sabotage in Nigeria, attributing progress to enhanced security under President Tinubu’s administration.

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