ExxonMobil to Declare FID Readiness on $10 Billion Deepwater Projects Soon Targets 250,000bpd oil output in five years To start with $1bn Usan infill drilling programme in months
Peter Uzoho
American oil giant, ExxonMobil
has indicated its plan, in collaboration with its joint venture partners, to soon
declare readiness to proceed with the Final Investment Decisions (FIDs) on some
major deep-water projects in Nigeria cumulatively valued at approximately $10 billion.
The investment would start with the infill drilling campaign at the existing producing Usan
deep-water asset estimated at
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M’East Crisis: Fitch Reviews Africa’s Growth Projection, Raises Nigeria’s Inflation to 15.5%... Page 5 Monday, Monday, January April 6, 2026 2025 Vol Vol29. 31.No No10865. 11320. Price: N400
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August 2025 INEC Memo Reveals Appointment of Mark-led Caretaker Committee Invalid Ab initio L-R: Former Minister of Youth Development, Dr. Jamila Ibrahim; Imo State APC Chairman, Hon. Austin Onyedebelu; House of Representative Member, Representing Mbaitoli/Ikeduru Federal Constituency, Imo State, Hon. Akarachi Amadi with his Wife, Mrs. Adaobi Amadi; and Member, Federal House of Representatives, representing the Gummi/Bukkuyum Federal Constituency of Zamfara State, Engr. Sulaiman Gumi Abubakar, who represented the Speaker of the House of Representatives of Nigeria, Rt. Hon. Tajudeen Abbas at the Mega Empowerment Programme for Mbaitoli/ Ikeduru Federal Constituency organised by Hon. Akarachi yesterday in Eziama, Ikeduru LGA, Imo State
Chuks Okocha, Alex Enumah in Abuja, Francis Sardauna in Katsina and Ahmad Sorondinki in Kano
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Tinubu Approves N3.3tn Payment Plan to Curb Illiquidity in Power Sector
15 power plants sign N2.3tn agreement with FG N223bn already disbursed, says presidency Verheijen: Move will restore confidence in power sector
Deji Elumoye and Emmanuel Addeh in Abuja
President Bola Ahmed Tinubu has approved a N3.3 trillion payment plan aimed at settling long-standing debts owed to power Generation
Companies (Gencos) as well as Gas Companies (Gascos) in a move designed to address persistent liquidity crisis in Nigeria’s electricity sector. The presidency said the Continued on page 5
In Easter Message, Shettima Declares Better Days Ahead, OBASANJO WEARING ASOEBI WITH TINUBU'S CAMPAIGN INSIGNIA... L-R: Former Governor of Ogun State, Chief Olusegun Osoba; former President , Chief Olusegun Obasanjo, and President Bola Ahmed Tinubu, Insists Difficulties Temporary... during the inauguration of Gateway International Airport in Ogun State on Saturday Page 14