President and Managing Director of Chevron Companies in Nigeria, Jim Swartz has advocated a balanced and pragmatic approach for the future of energy in Nigeria to meet the growing demand for energy, guarantee the availability of affordable, reliable and increasingly clear energy, while the future of lower carbon progresses.
Jim gave the indication while talking in a strategic panel session about “Pragmatically achieve the abundance of energy” in the Nigeria Oil and Gas Energy Week (NOG) of 2025 in Abuja.
Also read: Rea, Huawei signs Mou to strengthen renewable energy access
Emphasizing the need for a more pragmatic conversation about energy, one that balances economic prosperity, energy security and environmental protection, reaffirmed Chevron's belief that oil and gas will continue to be a viable component of the combination of energy in the predictable future, and that the future of energy is lower carbon.
Jim declared that Chevron takes advantage of his strengths to safely deliver the lowest carbon energy to a growing world while adapting to changes, continuously improving their processes and building resistance to remain competitive while guaranteeing profitability.
“Chevron in Nigeria has embarked on a trip to improve and grow our business, which is known as the” North Star. “Our North Star strategies include: Improving base businesses, growing production and monetizing gas resources,” Jim said.
He stressed that Chevron continues to differentiate himself as the only IOC that maintains its operations in land assets, of shallow waters and deep waters and one of the first to convert all its joint companies and leases of Agbami under the law of the oil industry (PIA) that allows a greater exploration and development.
“Our recent efforts to position ourselves for a new growth phase include the recent agriculture in OPL 215 to boost deep water development opportunities, the signing of the 20 -year renewal of 3 deep waters leases, the completion of the acquisition of seismic data in our deep water leases, the continuous low water drilling program.”
He also emphasized the role of technology to increase operational efficiency and decision -making, pointing out that technology plays a crucial role in the development of driving energy in the form of digital transformation, renewable energy, intelligent network technology, optimization of the supply chain and environmental monitoring.
While appreciating the Federal Government of Nigeria for seeking reforms in the oil and gas sector, Jim urged greater collaboration between the government, the private sector and other interested parties to improve the competitiveness of the industry.
“Chevron has a long vision of Nigeria, and we hope to be part of Nigeria's prosperous future,” he said.