 | |
| Company type | Subsidiary |
|---|---|
| Industry | Petroleum |
| Founded | 1955 |
| Headquarters | , |
Area served | Nigeria |
Key people | Shane Harris (MD) |
| Products | |
| Parent | ExxonMobil |
ExxonMobil has offshore oil production in Nigeria, and is the country's second largest crude oil producer.[1] Mobil Producing Nigeria (MPN) began shallow water operations in 1955, and owns over 90 platforms and 300 producing wells covering 3,200 square kilometres (1,200 sq mi; 790,000 acres).[2]
ExxonMobil also has deepwater production in Nigeria. Esso Exploration and Production Nigeria Limited (EEPNL) operates interests in the Erha, Usan, and Bonga developments.[2]
ExxonMobil partners with the Nigerian National Petroleum Corporation (now NNPC Limited). The company operates in Akwa Ibom State, Nigeria.
ExxonMobil was working toward an agreement to sell all of its shallow water assets (MPN) to Seplat in August, 2022 for $1.3 billion to $1.6 billion, pending regulatory hurdles.[2][3] However, in August 2022 the sale was thrown into doubt after Nigeria's president Muhammadu Bahari "withdrew his support for the sale less than three days after approving it."[4]
As of March 2023, ExxonMobil was hoping to get government approval for the stalled sale of its shallow water oil production operations.[5] In May 2024, a deal was agreed to divest its onshore operations to Seplat Nigeria.[6]
- ^ Mbat, D.; Ibok, Enefiok E.; Daniel, Ekong E. (2013). "Exxon-Mobil and Corporate Social Responsibility in Akwa Ibom State, Nigeria: Past and Present". Public Policy and Administration Research. 3 (3). S2CID 197653473.
- ^ a b c Udegbunam, Oge (2022-02-26). "Why we're selling Mobil Nigeria to Seplat -- ExxonMobil". Premium Times Nigeria. Retrieved 2022-12-11.
- ^ "Nigerian president withholds approval of Exxon Mobil's asset sale". Reuters. 2022-08-11. Retrieved 2022-12-11.
- ^ "Nigeria's president drops support for ExxonMobil deal". Financial Times. 2022-08-11. Retrieved 2023-04-23.
- ^ Valle, Sabrina (2023-03-06). "CERAWEEK Exxon seeks to unblock stalled sale in 'challenging' Nigeria - top executive". Reuters. Retrieved 2023-04-23.
- ^ Esifiho, Faith (2024-06-04). "Here are Exxonmobil operations in Nigeria, after NNPC approved Seplat deal". Businessday NG. Retrieved 2024-06-05.
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