What is the purpose and expected output of ExxonMobil's $1 billion investment in Nigeria's Usan Infill Project?

ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add 40,000 barrels per day (bpd) of oil production. The project marks ExxonMobil affiliate Esso Exploration and Production Nigeria’s return to drilling activity in the country after its last operation in 2016. First production is expected within 18 months following seismic data that identified the investment opportunity.

Who operates the Usan field and under what contractual arrangement?

ExxonMobil's Nigerian affiliate, Esso Exploration and Production Nigeria, operates OML 138, which contains the Usan field, under a production-sharing contract with NNPC Ltd.

ExxonMobil to invest $1 billion in Nigeria's oilfield, regulator says

Jul 8, 2026

ExxonMobil and partners plan a $1 billion investment in Nigeria's Usan Infill Project, targeting 40,000 barrels per day of new oil production. Regulators confirm this marks the company's return to drilling in the country following a pause since 2016.

reuters

2025-11-18

ExxonMobil to Close UK Cracker

2026-01-30

ExxonMobil chemical earnings slide amid shrinking margins

2026-02-10

ExxonMobil Shuts Down Scottish Cracker Unit Early

2026-03-09

ExxonMobil Exports US Gasoline to Australia for First Time

2026-04-16

Exxon withdraws offer to sell two initial Golden Pass LNG cargoes, sources say