CHEVRON READY TO BOOST LOCAL CONTENT DEVELOPMENT

Chevron Nigeria says the country's content development is vital for the growth and development of the nation as it accelerates in its quest to acquire oil and gas technology and build indigenous capacity in the oil and gas industry.

The  Managing Director of Chevron Nigeria and Mid-Africa Business Unit, Jim   Swartz made this known at a panel session during the 2024 edition of the Practical Nigeria Content Forum organised by the Nigerian Content Development and Monitoring Board in Yenagoa, Bayelsa State.

Jim noted that as an industry that thrives on partnerships with key stakeholders, the Nigerian oil and gas industry is expected to continue to play an active role in prioritising Nigerian content development and building local capacity in the industry.

He explained that Chevron believes that its business success in providing affordable, reliable, and ever-cleaner energy is directly tied to the progress and prosperity of the people it works with and the communities where it operates.

"Our strategy is to leverage our strengths to safely deliver lower-carbon energy to a growing world. Our primary objective is to deliver higher returns, lower carbon, and superior stakeholder value in any business environment,” he stated.

According to Jim, having made significant investments in Nigeria for over 60 years, Chevron believes that the broad and varied opportunities in the oil and gas industry can be harnessed to engender economic development with the appropriate government legislation, policies, and regulations.

Chevron’s Nigerian Content policy is driven by the vision  as the petroleum company that works best to foster competence and competitiveness among Nigerian Indigenous contractors and suppliers by adopting the participatory-partnership model,” he remarked.