FG Commends ExxonMobil's $70bn ERHA Project Success

The Nigerian government, represented by Minister of State for Petroleum Resources Ekperikpe Ekpo, commended ExxonMobil for its 20-year success with the ERHA project, which has produced 800 million barrels of crude oil and generated $70 billion in revenue, including $23 billion for the federal government. Ekpo described the achievement as a benchmark for Nigeria's deepwater operations, highlighting the technical expertise and strong safety culture maintained throughout the project's duration.

He noted that the ERHA project significantly contributed to national revenue and job creation, with 95 percent of its workforce being Nigerian. However, he urged ExxonMobil to align its operations with Nigeria's gas development priorities and to intensify efforts in gas development to boost domestic utilization and export revenue.

Jagir Baxi, Chairman and Managing Director of ExxonMobil Nigeria, reaffirmed the company's commitment to a stable investment climate in the petroleum industry.