csrreporters 
The Federal Government has restated its commitment to sustaining policies and incentives that will make Nigeria a top destination for global energy investments, with fresh measures planned to revive idle oil assets and expand production.
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, gave this assurance during an inspection visit to the NNPC/Chevron Nigeria Limited Joint Venture Escravos Gas-to-Liquids (EGTL) facility in Delta State.
According to a statement by his media aide, Nneamaka Okafor, Lokpobiri said the government’s priority is to create a globally competitive environment that encourages sustained investments.
“Our duty is to provide the right incentives that support growth. We can only achieve sustainable production if we attract and expand investments. Where operators are unable to develop assets, it is better to farm them out to partners rather than leave them dormant for decades,” he said.
The minister further disclosed that the administration is reviewing the activation of the “drill or drop” provision in the Petroleum Industry Act to ensure undeveloped assets are maximized. He commended the NNPC/Chevron JV for its operational excellence and urged other operators to follow suit.
Chevron executives welcomed the minister’s visit, with General Manager of the JV, Segun Kuteyi, describing it as a sign of the administration’s seriousness in driving sector growth. He highlighted Chevron’s “North Star” strategy, which is directing new resources into its Nigerian operations.
Chevron Nigeria’s Chairman and Managing Director, Jim Schwartz, also emphasized the enabling role of the Petroleum Industry Act and government’s consistent support in sustaining long-term investment.
“The PIA and government’s backing give us confidence to keep investing. After 60 years in Nigeria, we remain committed to developing more resources and contributing to the country’s growth,” Schwartz said.
The visit highlights the government’s renewed push to unlock Nigeria’s oil and gas potential through strategic partnerships, enabling policies, and targeted investments.