Owowo Deepwater Project
Sector: Oil and Gas • Location: Nigeria
Source: Arise News
The Owowo deepwater project in Nigeria is a major oil development initiative led by ExxonMobil with joint venture partners. The project involves developing about a billion barrels of oil resources with an estimated cost between $7 billion and $8 billion. It is progressing towards a Final Investment Decision (FID) expected early next year, focusing on front-end engineering, regulatory clearances, a
- Status
- Prospective
- Sector
- Oil and Gas
- Location
- Nigeria
- Updated
- 22 Jul 2026
- Source
- Arise News
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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 | The Owowo deepwater project in Nigeria is a major oil development initiative led by ExxonMobil with joint venture partners. The project involves developing about a billion barrels of oil resources with an estimated cost between $7 billion and $8 billion. It is progressing towards a Final Investment Decision (FID) expected early next year, focusing on front-end engineering, regulatory clearances, and compliance with Nigerian regulations. |
Original sector | Energy |
Budget |
Location
Country | Nigeria |
Source
Source | Arise News |
URL |
More Details
Record type | Project |
Sector | Oil and Gas |
Article published date | 2026-05-26 |
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