ExxonMobil Launches $1 Billion Usan Infill Project in Nigeria

ExxonMobil has officially begun the $1 billion Usan Infill project in Nigeria, as announced in Abuja on Wednesday during the ongoing Nigeria Energy Week. This project is expected to add 40,000 barrels of oil per day to Nigeria's crude production.

The Usan Infill project is a key milestone in the development of the Usan deepwater field and is part of a broader development plan following the acquisition of high-quality seismic data in 2024 to identify new investment opportunities within the field. The project represents a cumulative investment of $1 billion by ExxonMobil and its partner OML 138, underscoring continued confidence in Nigeria's deepwater oil sector.

First production is expected within 18 months. Jagir Baxi, Managing Director of ExxonMobil affiliate in Nigeria, emphasized the company's long-term commitment to Nigeria's offshore oil industry.

Oritsemeyiwa Eyesan, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, described the investment as a major milestone aligning with the commission's objectives to revitalize offshore asset activities.