Weeks after the official announcement of the resumption of the 1-billion-dollar Usan Infill Project was unveiled by Jagir Baxi, Chairman, Managing Director & Lead Country Manager of ExxonMobil Nigeria, the PSC partners have engaged in further assessment to sustain commitment to the project.
The discussion was held following the visit paid to the Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari in his Abuja Office by the executives of ExxonMobil led by Jagir Baxi, Chairman, Managing Director & Lead Country Manager of its affiliates in Nigeria.
Discussions centered on output from the blocks the two companies hold and the further deepwater investment ExxonMobil is pursuing in Nigeria. ExxonMobil operates OML 138 under a production sharing contract with NNPC Limited.
The 1-billion-dollar Usan Infill Project on the block is expected to add 40,000 barrels per day. It is the company’s first drilling campaign in Nigeria since 2016. The Usan Infill Project is part of the broader Usan Field Development Plan and builds on recent investments, including the acquisition and processing of high-quality seismic data in 2024. As a short-cycle investment, the project is expected to sustain and increase production from the Usan field, with first production anticipated within 18 months after the seismic data 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 affiliates in Nigeria, stated in an official press release. “By applying advanced technology and leveraging our proven execution capabilities, we aim to safely and efficiently increase production and deliver value for our stakeholders while supporting Nigeria’s economic development.”
The project represents a cumulative investment of approximately $1 billion by Esso and its OML 138 partners, demonstrating continued confidence in the Usan resource base and Nigeria’s deepwater potential. Once completed, the project is expected to add up to 40,000 barrels of oil per day in incremental production, increasing output from the Usan Floating Production Storage and Offloading (FPSO) facility
