Chevron Corporation (NYSE:CVX) has decided to seal its burning well offshore Nigeria.

Chevron Corporation (NYSE:CVX) Sealing Nigeria Well

According to an announcement made by Chevron Corporation (NYSE:CVX), it is finalizing plans to commence drilling a relief well to seal a natural-gas exploration well that is still burning offshore Nigeria after a rig caught fire and collapsed last week.

Chevron Corporation (NYSE:CVX) said in a statement, “Based on the condition of the well, the safest way to control it is to drill a relief well that will kill the well at depth.”

Chevron Corp. (NYSE:CVX) company shares are currently standing at 106.72.

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