ExxonMobil and its partners have committed $1 billion to the on-block activities for the Usan Infill project in oil mining lease (OML) 138.
According to a statement by Eniola Akinkuotu, NUPRC spokesperson, Jagir Baxir, managing director (MD) of ExxonMobil affiliates in Nigeria, announced the investment commitment at the ongoing 2026 NOG Energy Week Conference on Tuesday.
In his remarks, Baxir commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and other government agencies for their role in facilitating the project.
Addressing the investment commitment, Akinkuotu said it is expected to add 40,000 barrels per day.
“Esso Exploration and Production is the operator of OML 138, which contains the Usan field. The block is operated under a Production Sharing Contract with NNPC Limited,” he said.
“Co-venture partners in OML 138 include Chevron, TotalEnergies, and Nexen, a wholly owned subsidiary of CNOOC.
“As a short-cycle
