ExxonMobil, a leading oil and gas sector multinational, is advancing its energy initiatives across Africa, reinforcing its pivotal role in the continent’s energy industry.
The company is advancing a series of upstream projects that aim to bolster energy security, enhance supply reliability, and achieve industry-leading emissions intensity.
In a significant development, ExxonMobil’s upstream president, Liam Mallon, held a crucial meeting with Mozambican President Filipe Nyusi last month.
This meeting served as a reaffirmation of the company’s unwavering commitment to the $24 billion Rovuma LNG project, a testament to our long-term vision and dedication to the African energy sector.
Mallon announced the completion of the front-end engineering design (FEED) phase and outlined a pathway towards a final investment decision, which is expected by 2026.
In Southern Africa, ExxonMobil is taking a leading role in exploration efforts in the Namibe basin offshore Angola.
With a recent wildcat well-spudded, the industry is abuzz with anticipation for the results. These findings could potentially reshape the regional energy landscape, underscoring the transformative potential of our exploration efforts in the Namibe basin.
The Namibe basin extends from Angola into northern Namibia, and commercially viable findings could have a lasting impact on energy development in the region for decades.
In Nigeria, ExxonMobil is shifting its focus towards deepwater investments as it finalizes the sale of its shallow-water joint venture assets.
With the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) estimating the country’s reserves at 37.5 billion barrels, ExxonMobil’s deepwater engineering expertise positions us as a frontrunner for the next phase of development for Africa’s largest oil reserves.
This confidence is further bolstered by the fact that offshore reserves currently contribute 32% of Nigeria’s oil production.
Currently, offshore reserves contribute 32% of Nigeria’s oil production.
ExxonMobil, a platinum sponsor of the upcoming Africa Oil Week (AOW): Investing In African Energy event, will showcase its engagement in the African energy sector.
The event, celebrating 30 years of industry collaboration, provides a platform for governments, regulators, global operators, power producers, investors, and service providers to engage in policy development, share discoveries, secure investments, and shape the continent’s energy future.
ExxonMobil’s Vice President of South Atlantic Exploration, Richard Barke, expressed enthusiasm about the AOW partnership.
“ExxonMobil is pleased to be a platinum sponsor for AOW as they commemorate three decades of industry engagement and best practices sharing,” Barke said.
“Africa’s energy landscape presents a compelling blend of opportunity and potential. We see significant alignment between the continent’s resources and the world’s evolving energy demands.”
As part of the AOW partnership, Barke will deliver a keynote address outlining ExxonMobil’s strategic vision for the African energy sector.
Through strategic partnerships and its expertise in deepwater exploration, ExxonMobil continues to solidify its role as a significant player in the global energy industry.
