ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria’s deepwater exploration and development for the next two years, starting from the second quarter of 2025, the company announced late Tuesday.
This financial commitment, which will be implemented between Q2, 2025 – 2027 focuses on revitalising production in the Usan deepwater oil field.
Shane Harris, ExxonMobil’s Managing Director in Nigeria, made this known during a courtesy visit to Gbenga Komolafe, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).