Deepwater Expansion Strategy in Nigeria
Sector: Oil and Gas • Location: Nigeria
Source: African Energy Week 2026
ExxonMobil is executing a deepwater expansion strategy in Nigeria with an initial $10 billion investment aimed at revitalizing offshore production. The long-term roadmap could scale up to $24 billion, focusing on production gains from the Usan and Erha fields through infill drilling campaigns and the development of the Owowo project. The assets are projected to increase ExxonMobil's net production
- Status
- Under Construction
- Sector
- Oil and Gas
- Location
- Nigeria
- Updated
- 22 Jul 2026
- Source
- African Energy Week 2026
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Project Information
Participants
| Not available for this record. |
Status
Original status | ongoing |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | ExxonMobil is executing a deepwater expansion strategy in Nigeria with an initial $10 billion investment aimed at revitalizing offshore production. The long-term roadmap could scale up to $24 billion, focusing on production gains from the Usan and Erha fields through infill drilling campaigns and the development of the Owowo project. The assets are projected to increase ExxonMobil's net production in Nigeria to approximately 250,000 barrels per day by 2030. |
Original sector | Energy |
Budget |
Location
Country | Nigeria |
Source
Source | African Energy Week 2026 |
URL |
More Details
Record type | Project |
Sector | Oil and Gas |
Article published date | 2026-05-24 |
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