The oil giant had stopped exploration in the Ilaje community ten years ago.
This is sequel to the agreement reached by the residents of oil bearing communities in Ilaje with the Chevron Oil Company assuring the company of adequate security and co-operation of the people of the area.
The Chevron Oil Company stopped oil exploration in Omuro/Ojuimole Oil Field in Year 2002 due to what it perceived as insecurity of lives and property
The agreement between the two parties was reached at a peace forum held at the palace of Olugbo, His Imperial Majesty Oba Fredrick Obateru Akinruntan.
Addressing the people, the Governor of Ondo State Olusegun Mimiko, who was represented by the Commissioner for Environment, Sola Ebiseeni, said the government would continue to encourage investors in the State.
The governor, who lauded the people of the state for their peaceful co-existence and support at all times, promised more dividend of democracy for the good people of the state adding that his Caring Heart Government would do all things possible to continue to better the lots of the people of the state.
Also speaking, traditional ruler, Oba Akinruntan, said the people of Ilaje are peace loving and lover of good things in the society.
He said the people of the area have signed a peace pact assuring the Chevron Oil Company of adequate security and support, the traditional ruler assured the people of Ilaje of more benefit from the oil company promised total support for investors.
A communiqué duly signed by the residents of the area including the Olugbo, was read to the people. The Commissioner for Environment, Sola Ebiseeni and the Permanent Secretary of the Ministry, Olufemi Bosede signed on behalf of the Ondo State Government.
The Communiqué which was also interpreted to the people in their mother tongue was jointly embraced by the people.