ExxonMobil has announced significant progress on various energy initiatives across Africa, reinforcing its position as a key player in the continent’s energy sector. The multinational aims to boost energy security while maintaining an industry-leading low emissions intensity.
In Mozambique, ExxonMobil is pushing forward with the $24bn Rovuma LNG project. Liam Mallon, President of ExxonMobil Upstream, has met with Mozambican President Nyusi to confirm the company’s commitment to the project, initiating the front-end engineering design phase, with a final investment decision expected by 2026.
ExxonMobil is also leading exploration efforts in Angola’s Namibe basin, where a wildcat well has been spud. Results from this well are eagerly anticipated by the energy industry, with positive outcomes potentially shaping energy development in both Angolan and Namibian waters for years to come.
In Nigeria, the company is shifting its focus to deepwater investments as it concludes the sale of its shallow-water joint venture. Nigeria, boasting an estimated 37.5 billion barrels in reserves, sees ExxonMobil well-positioned to lead the next phase of offshore development, leveraging its expertise in deepwater engineering.
ExxonMobil will also be a platinum sponsor at the upcoming AOW: Investing in African Energy event, where it aims to foster collaborations with governments, regulators, and energy stakeholders. Richard Barke, ExxonMobil’s Vice President for South Atlantic Exploration, is set to deliver a keynote address, emphasising ExxonMobil’s long-term commitment to Africa’s evolving energy landscape.
‘Africa’s energy landscape presents a compelling blend of opportunity and potential,’ said Barke. ‘We see significant alignment between the continent’s resources and the world’s evolving energy demands.’
These developments signal ExxonMobil’s dedication to not only increasing energy production in Africa but also to enhancing regional energy security through innovative and strategic investments.
Credit: Africabriefing
