Exxon Mobil Corp has proposed a $10 billion investment in offshore oil operations in a new investment push in Nigeria, a presidential spokesperson said on Thursday, citing company executives. The investment was announced during talks between Nigeria's Vice President Kashim Shettima and the CEO of Exxon's Nigeria operations Shane Harris on the sidelines of the U.

Exxon Mobil Corp. is considering investing as much as $10 billion in Nigeria’s offshore oil industry over the coming years, despite finalizing the sale of shallow-water assets to a local firm, the country’s government said.

Exxon Mobil plans to invest $10B in Nigerian oil operations, focusing on Owo project and increasing production despite divestment plans.

The company also plans to invest around $2.5bn annually to enhance oil production by 50,000 barrels per day (bpd) over the next few years.

ExxonMobil has announced plans to invest $10 billion in Nigeria’s deep-water oil operations.

The Federal Government said it welcomes oil major, ExxonMobil’s plan to invest $10 billion in Nigeria’s deep-water (offshore) oil operations.

Vice President Kashim Shettima has welcomed ExxonMobil's proposed $10 billion investment in Nigeria's deep-water oil operations, describing it as a clear

Exxon Mobil Corp has announced plans for a $10 billion investment in offshore oil operations as part of a renewed push in Nigeria, Africa's fourth largest economy. ・Exxon Mobil plans a $10 billion investment in offshore oil operations in Nigeria.