Exon Mobile in what marks its return to drilling in the country after nearly a decade, with the development expected to add 40,000 barrels of crude oil per day as Africa’s largest producer seeks to revive investment and reverse years of declining output.
Exxon Mobil’s Nigerian affiliate has launched the $1 billion Usan Infill Project, marking the company’s return to drilling in Nigeria after nearly a decade.
ExxonMobil’s Nigerian affiliate has launched the $1 billion Usan Infill Project, marking the company’s return to drilling in Nigeria after nearly a decade.
ExxonMobil is returning to drilling in Nigeria for the first time since 2016 with a $1 billion deepwater investment.
The Usan Infill Project is expected to add 40,000 barrels of oil per day within 18 months.
The investment signals renewed confidence in Nigeria’s offshore sector following recent regulatory reforms.
It forms part of Abuja’s broader strategy to revive crude production and attract new upstream capital.
