ExxonMobil weights $10 billion Nigerian offshore oil investment, government reports

by | Sep 27, 2024 | Offshore

The supermajor is working on developing the deepwater Owo project, Nigerian Vice President Kashim Shettima said after meeting Exxon Nigeria chairman Shane Harris. The company also proposed to spend $2.5 billion annually to boost oil output by 50,000 bpd over the next few years, Shettima said.

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Written by: Jane Doe, Senior Energy Analyst

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