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ExxonMobil and Partners Launch $1 Billion Usan Project to Boost Oil Production by 40,000bpd

Jul 09, 2026

Contract Type

contract

SpringEnergyOil And GasRenewable Energy

Description

ExxonMobil, through its Nigerian affiliate, has announced the start of the $1 billion Usan Infill Project aimed at producing an additional 40,000 barrels of oil per day. The Nigerian Upstream Petroleum Regulatory Commission has welcomed this investment, which is expected to generate $1.2 billion in new revenue for Nigeria by 2029.

Company Information

Company

ExxonMobil

Location

22777 Springwoods Village Parkway

Spring, Texas, United States

About

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. The corporation’s primary businesses – Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies and services. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity. With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050. To learn more, visit exxonmobil.com, the Energy Factor, and ExxonMobil’s Advancing Climate Solutions. Follow us on Twitter and LinkedIn.