ExxonMobil Deepwater Oil Projects in Nigeria
Sector: Oil and Gas • Location: Nigeria
Source: Business News Nigeria
ExxonMobil is investing $1.5 billion in deepwater oil projects in Nigeria, which is expected to unlock at least 510,000 barrels per day of oil production. This investment aims to address the challenges of declining oil output in the country due to underinvestment and other issues.
- Status
- Prospective
- Sector
- Oil and Gas
- Location
- Nigeria
- Updated
- 22 Jul 2026
- Source
- Business News Nigeria
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Project Information
Participants
| Not available for this record. |
Status
Original status | Planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | ExxonMobil is investing $1.5 billion in deepwater oil projects in Nigeria, which is expected to unlock at least 510,000 barrels per day of oil production. This investment aims to address the challenges of declining oil output in the country due to underinvestment and other issues. |
Original sector | Energy |
Budget |
Location
Country | Nigeria |
Source
Source | Business News Nigeria |
URL |
More Details
Record type | Project |
Sector | Oil and Gas |
Article published date | 2025-05-12 |
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