in Short
Energy : ExxonMobil to invest $1.5 billion to boost offshore oil output in Nigeria
On May 7, 2025, Nigeria’s upstream oil regulator NUPRC announced that ExxonMobil will invest $1.5 billion to revitalize deepwater production in Nigeria. Scheduled from Q2 2025 to 2027, this major investment aims to increase oil output and support economic growth.
