…To unlock 40,000 Barrels Daily
Esso Exploration and Production Nigeria (Offshore East) Limited, a unit of Exxon Mobil Corp., has begun on-block work on the Usan Infill Project, adding to the US oil major’s push to expand output from its deepwater holdings off Nigeria’s coast.
The project, located in Oil Mining Lease 138, is designed to boost production from the Usan field, which flows into the Usan floating production, storage and offloading vessel. Once complete, it’s expected to add as much as 40,000 barrels a day of incremental output, the company said in a statement Wednesday.
Esso and its OML 138 partners, Chevron Corp., TotalEnergies SE and Nexen, a unit of China’s CNOOC Ltd., have committed roughly $1 billion to the venture. The company is targeting first production within 18 months, a timeline it credited to seismic data acquired and processed in 2024 that identified the investment opportunity.
“The start of the Usan Infill Project reflects ExxonMobil’s continued focus on developing our deepwater portfolio in Nigeria,” Jagir Baxi, chairman and managing director of ExxonMobil’s Nigerian affiliates, said in the statement. He said the company aims to apply what it called proven execution capabilities to lift output “safely and efficiently” while delivering value to stakeholders.
