ExxonMobil says it has made a “significant discovery” of oil off the coast of Nigeria. The oil find is located at the Owowo offshore field located in the southern Bayelsa State.
For the first time since ExxonMobil declared force majeure on Nigeria’s Qua Iboe oil exports in July, the U.S. oil company is offering Qua Iboe crude cargo for October loading.
Exxon Mobil said Wednesday it began producing oil ahead of schedule for the second phase of a major project offshore of Nigeria.
US oil producing giant, ExxonMobil, says it is committing $3 billion to gas resource development in Nigeria.This sum is $1.2 billion higher than the $1.8 billion investments the company has committed to gas projects in the country in the last three decades.